XML 34 R22.htm IDEA: XBRL DOCUMENT v3.23.1

Collaboration Agreements, License Agreement and Revenues (Tables)

3 Months Ended

Mar. 31, 2023

Transaction Price Related to Consideration Received and Accounts Receivable Allocated to Performance Obligations and Product Revenue Net

Product revenue, net from the sales of roxadustat commercial product in China was as follows for the three months ended March 31, 2023 and 2022 (in thousands):

		Three Months Ended March 31,
		2023				2022
Direct Sales:
Gross revenue		$	3,060			$	2,830
Discounts and rebates			(273	)			(175	)
Sales returns			2				3
Direct sales revenue, net			2,789				2,658
Sales to Falikang:
Gross transaction price			34,249				22,726
Profit share			(14,988	)			(8,849	)
Net transaction price			19,261				13,877
Decrease in deferred revenue			2,111				2,346
Sales to Falikang revenue, net			21,372				16,223
Total product revenue, net		$	24,161			$	18,881

Roll-forward of Related Contract Liabilities

The following table includes a roll-forward of the related deferred revenue that is considered as a contract liability (in thousands):

		Balance at December 31, 2022				Additions				Recognized as Revenue				Currency Translation and Other				Balance at March 31, 2023
Product revenue - AstraZeneca China    performance obligation - deferred revenue		$	(175,646	)		$	(20,889	)		$	21,372			$	(163	)		$	(175,326	)

Schedule of Drug Product Revenue

Drug product revenue from commercial-grade active pharmaceutical ingredient (“API”) or bulk drug product sales to Astellas and AstraZeneca was as follows for the three months ended March 31, 2023 and 2022 (in thousands):

		Three Months Ended March 31,
		2023				2022
Astellas Japan Agreement		$	1,732			$	7,594
Astellas Europe Agreement			377				—
Drug product revenue		$	2,109			$	7,594

Summary of Amounts Recognized as Revenue

Amounts recognized as revenue under the Eluminex were as follows for the three months ended March 31, 2023 and 2022 (in thousands):

				Three Months Ended March 31,
Agreement		Performance Obligation		2023				2022
Eluminex		License revenue		$	6,000			$	—
		Other revenue - contract manufacturing		$	235			$	762

Drug Product Revenue [Member]

Roll-forward of Related Contract Liabilities

The following table includes a roll-forward of the above-mentioned deferred revenues that are considered as contract liabilities related to drug product (in thousands):

		Balance at December 31, 2022				Additions				Recognized as Revenue				Reclassified to Accrued Liability / Accounts Payable				Balance at March 31, 2023
Drug product revenue - deferred revenue:
Astellas Europe Agreement		$	(40,303	)		$	—			$	377			$	16,552			$	(23,374	)

Japan [Member]

Summary of License Revenue and Development Revenue Recognized under Agreement

Amounts recognized as license revenue and development revenue under the Astellas Japan Agreement were as follows for the three months ended March 31, 2023 and 2022 (in thousands):

				Three Months Ended March 31,
Agreement		Performance Obligation		2023				2022
Astellas Japan Agreement		License revenue		$	—			$	—
		Development revenue		$	95			$	32

Transaction Price Related to Consideration Received and Accounts Receivable Allocated to Performance Obligations and Product Revenue Net

The transaction price related to consideration received through March 31, 2023 and accounts receivable has been allocated to each of the following performance obligations under the Astellas Japan Agreement (in thousands):

Astellas Japan Agreement		Total Consideration  Through March 31, 2023
License		$	100,347
Development revenue			16,977
Total license and development revenue		$	117,324

Europe [Member]

Summary of License Revenue and Development Revenue Recognized under Agreement

Amounts recognized as license revenue and development revenue under the Astellas Europe Agreement were as follows for the three months ended March 31, 2023 and 2022 (in thousands):

				Three Months Ended March 31,
Agreement		Performance Obligation		2023				2022
Astellas Europe Agreement		License revenue		$	—			$	22,590
		Development revenue		$	1,529			$	5,148

Transaction Price Related to Consideration Received and Accounts Receivable Allocated to Performance Obligations and Product Revenue Net

The transaction price related to consideration received through March 31, 2023 and accounts receivable has been allocated to each of the following performance obligations under the Astellas Europe Agreement as follows (in thousands):

Astellas Europe Agreement		Total Consideration  Through March 31, 2023
License		$	618,975
Development revenue			281,794
Total license and development revenue		$	900,769

U.S./RoW and China [Member]

Summary of License Revenue and Development Revenue Recognized under Agreement

Amounts recognized as license revenue and development revenue under the AstraZeneca U.S./RoW Agreement and AstraZeneca China Agreement were as follows for the three months ended March 31, 2023 and 2022 (in thousands):

				Three Months Ended March 31,
Agreement		Performance Obligation		2023				2022
AstraZeneca U.S./RoW Agreement and AstraZeneca China Agreement		License revenue		$	—			$	—
		Development revenue			2,032				5,819

Transaction Price Related to Consideration Received and Accounts Receivable Allocated to Performance Obligations and Product Revenue Net

The transaction price related to consideration received through March 31, 2023 and accounts receivable has been allocated to each of the following performance obligations under the AstraZeneca U.S./RoW Agreement and AstraZeneca China Agreement, along with any associated deferred revenue as follows (in thousands):

AstraZeneca U.S./RoW Agreement and AstraZeneca China Agreement		Cumulative Revenue Through March 31, 2023				Deferred Revenue at March 31, 2023				Total Consideration  Through March 31, 2023
License		$	341,844			$	—			$	341,844
Co-development, information sharing &   committee services			617,670				—				617,670
China performance obligation *			128,106				175,326				303,432
Total license and development revenue		$	1,087,620			$	175,326		**	$	1,262,946

* China performance obligation revenue is recognized as product revenue, as described under Product Revenue, Net section below.

** Contract assets and liabilities related to rights and obligations in the same contract are recorded net on the consolidated balance sheets. As of March 31, 2023, deferred revenue included $156.2 million related to the AstraZeneca U.S./RoW Agreement and AstraZeneca China Agreement, which represents the net of $175.3 million of deferred revenue presented above and a $19.1 million unbilled co-development revenue under the AstraZeneca China Amendment.

X

- Definition

Contract with customer milestone method.

+ References

No definition available.

+ Details

Name:	fgen_ContractWithCustomerMilestoneMethodTableTextBlock
Namespace Prefix:	fgen_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of drug product revenue.

+ References

No definition available.

+ Details

Name:	fgen_ScheduleOfDrugProductRevenueTableTextBlock
Namespace Prefix:	fgen_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.

+ References

No definition available.

+ Details

Name:	us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	srt_ProductOrServiceAxis=fgen_DrugProductRevenueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_StatementGeographicalAxis=country_JP
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_StatementGeographicalAxis=srt_EuropeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_StatementGeographicalAxis=fgen_UnitedStatesRestOfWorldAndChinaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: