Quarterly report pursuant to Section 13 or 15(d)

Research and Development Agreements (Tables)

v3.21.2
Research and Development Agreements (Tables)
9 Months Ended
Sep. 30, 2021
Schedule of Research and Development Revenues Disaggregated by Location

Research and development revenue is attributable to regions based on the location of each of our 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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Japan

 

$

 

 

$

1,566

 

 

$

13,136

 

 

$

4,962

 

United States

 

 

2,379

 

 

 

2,732

 

 

 

7,597

 

 

 

7,176

 

Total research and development revenue

 

$

2,379

 

 

$

4,298

 

 

$

20,733

 

 

$

12,138

 

 

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 a previously related party was revenue from research and development agreements with Millennium Pharmaceuticals, Inc., a wholly owned subsidiary of Takeda Pharmaceutical Company Limited (“Takeda”) and were as follows (in thousands):

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Takeda Development and License Agreement

 

 

 

 

 

86

 

 

$

13,114

 

 

$

307

 

Takeda Multi-Target Agreement

 

 

 

 

 

1,480

 

 

 

22

 

 

 

4,655

 

Total research and development revenue, related party

 

$

 

 

$

1,566

 

 

$

13,136

 

 

$

4,962

 

 

Takeda Pharmaceuticals Inc  
Schedule of Deferred Revenue, Other Liabilities for Co-share Payments and Accounts Receivable Balances from Research and Development Agreements At September 30, 2021 and December 31, 2020 the Company had deferred revenue, other liabilities for co-share payments and accounts receivable balances from the research and development agreements with Takeda, who was previously a related party. These amounts will no longer be recorded in related party for the three months ended September 30, 2021 and were as follows (in thousands):

 

 

September 30, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

Accounts receivable

 

$

 

 

$

234

 

Liabilities

 

 

 

 

 

 

 

 

Other current liabilities

 

$

 

 

$

5,614

 

Deferred revenue, current

 

 

 

 

 

789

 

Deferred revenue, non-current

 

 

 

 

 

3,106

 

Other liabilities

 

 

 

 

 

6,711

 

Total liabilities

 

$

 

 

$

16,220