Quarterly report pursuant to Section 13 or 15(d)

Research and Development Agreements (Tables)

v3.20.2
Research and Development Agreements (Tables)
9 Months Ended
Sep. 30, 2020
Schedule of Research and Development Revenues Disaggregated by Location

Research and development revenue is attributable to regions based on the location of the Company’s collaboration partner's parent company headquarters. Research and development revenues disaggregated by location were as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Japan

 

$

1,566

 

 

$

2,903

 

 

$

4,962

 

 

$

14,527

 

United States

 

 

2,732

 

 

 

284

 

 

 

7,176

 

 

 

284

 

Total research and development revenue

 

$

4,298

 

 

$

3,187

 

 

$

12,138

 

 

$

14,811

 

Millennium Pharmaceuticals Inc  
Schedule of Research and Development Revenue from Related Party Relates to Revenue from Research and Development Agreements

Research and development revenue from related party relates to revenue from research and development agreements with Millennium Pharmaceuticals, Inc., a wholly-owned subsidiary of Takeda and were as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Takeda Individual Project Agreement

 

$

 

 

$

 

 

$

 

 

$

54

 

Takeda Development and License Agreement

 

 

86

 

 

 

2,581

 

 

 

307

 

 

 

13,707

 

Takeda Multi-Target Agreement

 

 

1,480

 

 

 

322

 

 

 

4,655

 

 

 

766

 

Total research and development revenue, related party

 

$

1,566

 

 

$

2,903

 

 

$

4,962

 

 

$

14,527

 

Takeda  
Schedule of Deferred Revenue, Other Liabilities for Co-share Payments and Accounts Receivable Balances from Research and Development Agreements

At September 30, 2020 and December 31, 2019, the Company had deferred revenue, other liabilities for co-share payments and accounts receivable balances from the research and development agreements with Takeda, who is a related party. These amounts were as follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

Accounts receivable

 

$

301

 

 

$

408

 

Liabilities

 

 

 

 

 

 

 

 

Other current liabilities

 

$

5,498

 

 

 

 

Deferred revenue, current

 

 

4,566

 

 

 

8,780

 

Deferred revenue, non-current

 

 

935

 

 

 

441

 

Other liabilities

 

 

6,711

 

 

 

 

Total liabilities

 

$

17,710

 

 

$

9,221