Quarterly report pursuant to Section 13 or 15(d)

License and Collaboration Agreements (Tables)

v3.24.2.u1
License and Collaboration Agreements (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2024 and 2023 (in thousands):


   
Six Months Ended   
June 30,
  
     2024     2023
 
Contract Assets and Unbilled Receivables
  
   
 
Balance as of beginning of six-month period
  
$
1,407
     $
3,552  
Revenue recognized
    
2,823
       5,423  
Reclassification to accounts receivable related to costs billed under the Viatris License Agreement
    
(3,282
)
     (6,380 )
Balance as of end of six-month period
  
$
948
     $
2,595