Quarterly report pursuant to Section 13 or 15(d)

License and Collaboration Agreements (Tables)

v3.24.1.1.u2
License and Collaboration Agreements (Tables)
3 Months Ended
Mar. 31, 2024
License and Collaboration Agreements [Abstract]  
Reconciliation of Contract Asset assets and Unbilled Receivables

A reconciliation of the closing balance of the contract assets and unbilled receivables associated with the Viatris License Agreement is as follows as of March 31, 2024 and 2023 (in thousands):


   
Three Months Ended   
March 31,
 
     2024     2023
 
Contract Assets and Unbilled Receivables
 
   
 
Balance as of beginning of three-month period
 
$
1,407
    $
3,552  
Revenue recognized
   
1,711
      1,749  
Reclassification to accounts receivable related to costs billed under the Viatris License Agreement
   
(1,924
)
    (2,834 )
Balance as of end of three-month period
 
$
1,194
    $
2,467