Revenues (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| 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, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
Product sales: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross product sales |
|
$ |
18,353 |
|
$ |
12,481 |
|
$ |
33,724 |
|
$ |
22,397 |
|
Discounts and allowances |
|
|
(3,379) |
|
|
(2,308) |
|
|
(6,070) |
|
|
(4,170) |
|
Product sales, net |
|
$ |
14,974 |
|
$ |
10,173 |
|
$ |
27,654 |
|
$ |
18,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from collaborations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
License revenues |
|
|
— |
|
|
— |
|
|
39,858 |
|
|
4,499 |
|
Research and development services and others |
|
|
1,047 |
|
|
234 |
|
|
4,270 |
|
|
305 |
|
Total revenues from collaborations |
|
|
1,047 |
|
|
234 |
|
|
44,128 |
|
|
4,804 |
|
Total revenues |
|
$ |
16,021 |
|
$ |
10,407 |
|
$ |
71,782 |
|
$ |
23,031 |
|
|
| 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, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
ASD Healthcare and Oncology Supply |
|
|
47% |
|
|
48% |
|
|
20% |
|
|
40% |
|
McKesson Specialty Care Distribution Corporation |
|
|
41% |
|
|
40% |
|
|
16% |
|
|
31% |
|
Cardinal Healthcare |
|
|
5% |
|
|
10% |
|
|
2% |
|
|
— |
|
Grifols |
|
|
7% |
|
|
— |
|
|
61% |
|
|
20% |
|
|
| Schedule of product revenue allowance and reserve categories |
The following table summarizes activity in each of the product revenue allowance and reserve categories for the six months ended June 30, 2020 and 2019 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chargebacks, |
|
Government |
|
|
|
|
|
|
Discounts and |
|
and Other |
|
|
|
|
|
|
Fees |
|
Rebates |
|
Returns |
|
Total |
Balance at January 1, 2020 |
|
$ |
1,293 |
|
$ |
1,801 |
|
$ |
238 |
|
$ |
3,332 |
Provision related to current period sales |
|
|
3,381 |
|
|
1,747 |
|
|
128 |
|
|
5,256 |
Adjustment related to prior period sales |
|
|
(75) |
|
|
(257) |
|
|
332 |
|
|
— |
Credit or payments made during the period |
|
|
(2,615) |
|
|
(1,593) |
|
|
(58) |
|
|
(4,266) |
Balance at June 30, 2020 |
|
$ |
1,984 |
|
$ |
1,698 |
|
$ |
640 |
|
$ |
4,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|