Quarterly report pursuant to Section 13 or 15(d)

Revenues (Tables)

v3.19.2
Revenues (Tables)
6 Months Ended
Jun. 30, 2019
Revenues  
Schedule of revenues disaggregated by category

Revenues disaggregated by category were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Six Months Ended 

 

 

 

June 30, 

 

June 30, 

 

 

 

2019

    

2018

 

2019

    

2018

 

Product sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross product sales

 

$

12,481

 

$

2,287

 

$

22,397

 

$

2,287

 

Discounts and allowances

 

 

(2,308)

 

 

(500)

 

 

(4,170)

 

 

(500)

 

Product sales, net

 

$

10,173

 

$

1,787

 

$

18,227

 

$

1,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from collaborations:

 

 

 

 

 

 

 

 

 

 

 

 

 

License revenues

 

 

 —

 

 

 —

 

 

4,499

 

 

 —

 

Research and development services

 

 

234

 

 

 —

 

 

305

 

 

 —

 

Total revenues from collaborations

 

 

234

 

 

 —

 

 

4,804

 

 

 —

 

Total revenues

 

$

10,407

 

$

1,787

 

$

23,031

 

$

1,787

 

 

Schedule of revenues from product sales disaggregated by customers

The following table summarizes revenues from each of our customers who individually accounted for 10% or more of our total revenues (as a percentage of total revenues):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Six Months Ended 

 

 

 

June 30, 

 

June 30, 

 

 

 

2019

    

2018

 

2019

    

2018

 

ASD Healthcare and Oncology Supply

 

 

48%

 

 

38%

 

 

40%

 

 

38%

 

McKesson Specialty Care Distribution Corporation

 

 

40%

 

 

52%

 

 

31%

 

 

52%

 

Cardinal Healthcare

 

 

10%

 

 

10%

 

 

 —

 

 

10%

 

Grifols

 

 

 

 

 —

 

 

20%

 

 

 —

 

 

Schedule of product revenue allowances and discounts

The following table summarizes activity in each of the product revenue allowance and reserve categories for the six months ended June 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,

 

Government

 

 

 

 

 

 

Discounts and

 

and Other

 

 

 

 

 

 

Fees

 

Rebates

 

Returns

 

Total

Balance at January 1, 2019

    

$

622

 

$

843

 

$

170

 

$

1,635

Provision related to current period sales

 

 

2,055

 

 

1,559

 

 

99

 

 

3,713

Credit or payments made during the period

 

 

(1,682)

 

 

(930)

 

 

 —

 

 

(2,612)

Balance at June 30, 2019

 

$

995

 

$

1,472

 

$

269

 

$

2,736