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