Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT CONCENTRATIONS

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SIGNIFICANT CONCENTRATIONS
12 Months Ended
Dec. 31, 2020
SIGNIFICANT CONCENTRATIONS  
SIGNIFICANT CONCENTRATIONS

5. SIGNIFICANT CONCENTRATIONS

We recognize revenue on collaborations in the U.S. and abroad and on products sold solely in the U.S. For the year ended December 31, 2020, our three specialty distributors as well as Grifols and Daiichi (see Note 2) accounted for 57%, 41% and 2% of our total revenues, respectively. For the year ended December 31, 2019, our three specialty distributors as well as Aclaris, Grifols, Celgene and Kissei (see Note 2) accounted for 74%, 9%, 8%, 6% and 3% of our total revenues, respectively. For the year ended December 31, 2018, Kissei and our three specialty distributors (see Note 2) accounted for 69% and 31% of our total revenues, respectively.  As of December 31, 2020 and 2019, 100% of our accounts receivables are from four customers and one collaboration partner.