Quarterly report pursuant to Section 13 or 15(d)

Research and Development Agreements (Tables)

v3.19.3
Research and Development Agreements (Tables)
9 Months Ended
Sep. 30, 2019
Schedule of Research and Development Revenues Disaggregated by Location

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

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Japan

 

$

2,903

 

 

$

1,914

 

 

$

14,527

 

 

$

3,009

 

United States

 

 

284

 

 

 

117

 

 

 

284

 

 

 

197

 

Total research and development revenue

 

$

3,187

 

 

$

2,031

 

 

$

14,811

 

 

$

3,206

 

 

Takeda 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 Takeda Pharmaceuticals, Inc (“Takeda”) and were as follows (in thousands):

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Takeda Collaboration Agreement

$

 

 

$

 

 

$

 

 

$

92

 

Takeda Individual Project Agreement

 

 

 

 

1,246

 

 

 

54

 

 

 

1,909

 

Takeda Development and License Agreement

 

2,581

 

 

 

253

 

 

 

13,707

 

 

 

253

 

Takeda Multi-Target Agreement

 

322

 

 

 

415

 

 

 

766

 

 

 

755

 

Total research and development revenue

$

2,903

 

 

$

1,914

 

 

$

14,527

 

 

$

3,009

 

Schedule of Deferred Revenue and Accounts Receivable Balances from the Research and Development Agreements

 

Deferred revenue and accounts receivable balances from the research and development agreements with Takeda were as follows (in thousands):

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Assets

 

 

 

 

 

 

 

 

Unbilled revenue

 

$

 

 

$

240

 

Liabilities

 

 

 

 

 

 

 

 

Deferred revenue, current

 

$

11,735

 

 

$

26,231

 

Deferred revenue, non-current

 

 

1,236

 

 

 

2,670

 

Total deferred revenue

 

$

12,971

 

 

$

28,901