3. Significant Strategic Drug Development Collaborations - Related Parties
|9 Months Ended|
Sep. 30, 2016
|Significant Strategic Drug Development Collaborations - Related Parties|
|Significant Strategic Drug Development Collaborations - Related Parties||
The Company has entered into various research, development, license and supply agreements with Shire plc (“Shire”), formerly Baxalta Incorporated (a spinoff of the biopharmaceuticals business from Baxter Healthcare SA and Baxter Healthcare Corporation), SynBio LLC (“SynBio”), Serum Institute of India (“Serum”) and PJSC Pharmsynthez (“Pharmsynthez”). The Company and its collaborative partners continue to engage in research and development activities with no resultant commercial products through September 30, 2016. No amounts were recognized as revenue related to these agreements during the nine months ended September 30, 2016 or 2015.
The entire disclosure for collaborative arrangements in which the entity is a participant, including a) information about the nature and purpose of such arrangements; b) its rights and obligations thereunder; c) the accounting policy for collaborative arrangements; and d) the income statement classification and amounts attributable to transactions arising from the collaborative arrangement between participants.
Reference 1: http://www.xbrl.org/2003/role/presentationRef