2015 Q2 Form 10-Q Financial Statement

#000119312515176676 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q1
Revenue $2.083M $1.658M $1.285M
YoY Change -56.62% 29.06% 47.42%
Cost Of Revenue $100.0K $24.43M $70.00K
YoY Change 11.11% 34800.0% 133.33%
Gross Profit $1.980M -$22.77M $1.220M
YoY Change -57.96% -1966.39% 45.24%
Gross Profit Margin 95.06% -1373.34% 94.97%
Selling, General & Admin $3.410M $3.530M $2.830M
YoY Change 16.38% 24.73% 10.12%
% of Gross Profit 172.22% 231.97%
Research & Development $2.000M $4.719M $3.146M
YoY Change -39.92% 50.0% 19.69%
% of Gross Profit 101.01% 257.86%
Depreciation & Amortization $40.00K $40.00K $40.00K
YoY Change 33.33% 0.0% 33.33%
% of Gross Profit 2.02% 3.28%
Operating Expenses $2.000M $4.719M $3.146M
YoY Change -39.92% 50.0% 19.69%
Operating Profit -$7.369M -$31.02M -$4.753M
YoY Change 377.02% 552.64% 9.09%
Interest Expense $843.0K $866.9K $951.0K
YoY Change -11.24% -8.84% 0.33%
% of Operating Profit
Other Income/Expense, Net -$759.0K -$826.7K -$810.6K
YoY Change 116.24% 1.98% 34.0%
Pretax Income -$8.130M -$31.85M -$5.560M
YoY Change 327.89% 472.84% 12.1%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$8.129M -$31.85M -$5.564M
YoY Change 328.79% 472.4% 12.12%
Net Earnings / Revenue -390.25% -1920.87% -433.11%
Basic Earnings Per Share
Diluted Earnings Per Share -$316.7K -$1.475M -$323.6K
COMMON SHARES
Basic Shares Outstanding 128.3M shares 103.2M shares 85.95M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.20M $100.0M $57.80M
YoY Change 77.78% 73.01% 14.46%
Cash & Equivalents $31.49M $23.47M $7.908M
Short-Term Investments $67.70M $76.50M $49.90M
Other Short-Term Assets $800.0K $800.0K $500.0K
YoY Change 100.0% 60.0% 25.0%
Inventory
Prepaid Expenses
Receivables $2.093M $1.769M $1.369M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $102.1M $102.6M $59.65M
YoY Change 67.33% 71.93% 15.37%
LONG-TERM ASSETS
Property, Plant & Equipment $323.1K $364.0K $408.6K
YoY Change -26.46% -10.92% 2.16%
Goodwill $8.982M $8.982M $8.982M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $7.200M $6.100M
YoY Change -100.0% 18.03% 64.86%
Other Assets $61.72K $60.87K $91.17K
YoY Change -21.19% -33.23% -69.61%
Total Long-Term Assets $9.519M $16.76M $15.72M
YoY Change -26.26% 6.62% 17.28%
TOTAL ASSETS
Total Short-Term Assets $102.1M $102.6M $59.65M
Total Long-Term Assets $9.519M $16.76M $15.72M
Total Assets $111.6M $119.3M $75.36M
YoY Change 50.98% 58.31% 15.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.385M $2.782M $2.545M
YoY Change -16.28% 9.33% 15.68%
Accrued Expenses $1.818M $1.365M $1.246M
YoY Change 20.43% 9.5% 3.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.846M $5.584M $3.392M
YoY Change -11.86% 64.61% 1030.81%
Total Short-Term Liabilities $9.050M $9.731M $7.809M
YoY Change -8.82% 24.62% 116.91%
LONG-TERM LIABILITIES
Long-Term Debt $21.79M $21.80M $26.82M
YoY Change -10.59% -18.74% -10.59%
Other Long-Term Liabilities $158.5K $168.3K $194.7K
YoY Change -17.03% -13.56% -83.77%
Total Long-Term Liabilities $21.95M $21.96M $27.02M
YoY Change -10.64% -18.71% -13.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.050M $9.731M $7.809M
Total Long-Term Liabilities $21.95M $21.96M $27.02M
Total Liabilities $31.00M $31.69M $34.83M
YoY Change -10.12% -8.99% 0.08%
SHAREHOLDERS EQUITY
Retained Earnings -$819.5M -$811.4M -$766.4M
YoY Change 6.67% 5.87%
Common Stock $901.6M $900.5M $871.7K
YoY Change 103265.65% 103208.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.524M $1.524M $1.524M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.223M shares 1.223M shares 1.223M shares
Shareholders Equity $80.58M $87.62M $40.54M
YoY Change
Total Liabilities & Shareholders Equity $111.6M $119.3M $75.36M
YoY Change 50.98% 58.31% 15.77%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$8.129M -$31.85M -$5.564M
YoY Change 328.79% 472.4% 12.12%
Depreciation, Depletion And Amortization $40.00K $40.00K $40.00K
YoY Change 33.33% 0.0% 33.33%
Cash From Operating Activities -$6.790M -$7.760M -$5.310M
YoY Change 43.55% 46.14% 22.63%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $14.96K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $15.73M -$40.57M $3.440M
YoY Change 126.01% -1279.36% 164.62%
Cash From Investing Activities $15.73M -$40.58M $3.440M
YoY Change 127.97% -1279.65% 173.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $64.60M $180.4K
YoY Change 35703.16% -39.39%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -920.0K 64.06M 180.0K
YoY Change -1250.0% 35488.89% 350.0%
NET CHANGE
Cash From Operating Activities -6.790M -7.760M -5.310M
Cash From Investing Activities 15.73M -40.58M 3.440M
Cash From Financing Activities -920.0K 64.06M 180.0K
Net Change In Cash 8.020M 15.72M -1.690M
YoY Change 256.44% -1030.18% -44.22%
FREE CASH FLOW
Cash From Operating Activities -$6.790M -$7.760M -$5.310M
Capital Expenditures $0.00 $14.96K
Free Cash Flow -$6.790M -$7.775M -$5.310M
YoY Change 45.4% 46.42% 21.65%

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CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
CURIS INC
CY2015Q1 dei Trading Symbol
TradingSymbol
CRIS
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>1.&#xA0;<u>Nature of Business</u></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Curis, Inc. is a biotechnology company seeking to develop and commercialize innovative drug candidates for the treatment of human cancers. As used throughout these consolidated financial statements, the term &#x201C;the Company&#x201D; refers to the business of Curis, Inc. and its wholly owned subsidiaries, except where the context otherwise requires, and the term &#x201C;Curis&#x201D; refers to Curis, Inc.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company conducts its research and development programs both internally and through strategic collaborations. The Company&#x2019;s clinical drug candidates include CUDC-907, a dual histone deacetylase, or HDAC and phosphoinositide-3 kinase, or PI3K, inhibitor, CUDC-427, a small molecule antagonist of the inhibitor of apoptosis, or IAP, proteins, and CUDC-305, a Heat Shock Protein 90, or HSP90, inhibitor. Erivedge<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">&#xAE;</sup>, the first and only approved medicine for the treatment of advanced basal cell carcinoma, or BCC, is being commercialized by F. Hoffmann-La Roche Ltd., or Roche, and Genentech Inc., or Genentech, a member of the Roche Group, under a collaboration agreement between Curis and Genentech.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In January 2015, the Company entered into an exclusive collaboration agreement focused on immuno-oncology and selected precision oncology targets with Aurigene Discovery Technologies Limited, or Aurigene (see Note 4(b)). The collaboration provides for inclusion of multiple programs, with Curis having the option to exclusively license compounds once a development candidate is nominated within each respective program. The first two programs under the collaboration are focused on the development of orally-available small molecule antagonists of programmed death ligand-1 (PD-L1) in the immuno-oncology field and orally-available small molecule inhibitors of Interleukin-1 receptor-associated kinase 4 (IRAK4) in the precision oncology field.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company operates in a single reportable segment, which is the research and development of innovative cancer therapeutics. The Company expects that any products that are successfully developed and commercialized would be used in the health care industry and would be regulated in the United&#xA0;States by the Food and Drug Administration, or FDA, and in overseas markets by similar regulatory authorities.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company is subject to risks common to companies in the biotechnology industry as well as risk that are specific to the Company&#x2019;s business, including, but not limited to: the Company&#x2019;s reliance on Genentech and Roche to successfully commercialize Erivedge in the approved indication of advanced BCC and to progress its clinical development in indications other than BCC; the Company&#x2019;s reliance on Aurigene to successfully discover and preclinically develop drug candidates under the parties&#x2019; collaboration agreement; the Company&#x2019;s ability to advance and expand its research and development programs; the Company&#x2019;s ability to obtain adequate financing to fund its operations; the ability of the Company&#x2019;s wholly owned subsidiary, Curis Royalty, LLC, or Curis Royalty, to satisfy the terms of its loan agreement with BioPharma Secured Debt Fund II Sub, S.&#xE0; r.l., a Luxembourg limited liability company managed by Pharmakon Advisors, or BioPharma-II; the Company&#x2019;s ability to obtain and maintain necessary intellectual property protection; development by the Company&#x2019;s competitors of new or better technological innovations; dependence on key personnel; the Company&#x2019;s ability to comply with regulatory requirements; and the Company&#x2019;s ability to execute on its overall business strategies.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company&#x2019;s future operating results will largely depend on the magnitude of payments that it receives and makes under its current and potential future corporate collaborations and the progress of drug candidates currently in its development pipeline. The results of the Company&#x2019;s operations will vary significantly from year to year and quarter to quarter and depend on a number of factors, including, but not limited to: Roche and Genentech&#x2019;s ability to successfully commercialize Erivedge; positive results in Roche and Genentech&#x2019;s ongoing clinical trials; Aurigene&#x2019;s ability to successfully discover and develop preclinical programs under the Company&#x2019;s collaboration with Aurigene, as well as the Company&#x2019;s decision to exclusively license and further develop programs under this collaboration; the timing, outcome and cost of the Company&#x2019;s preclinical studies and clinical trials for its drug candidates; and the Company&#x2019;s ability to successfully enter into one or more material outlicensing or collaboration agreements for its proprietary drug candidates.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 50px; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company anticipates that existing cash, cash equivalents and investments at March&#xA0;31, 2015 should enable it to maintain current and planned operations into 2017. The Company&#x2019;s ability to continue funding its planned operations beyond this period is dependent upon, among other things, the success of its collaborations with Genentech and the Leukemia&#xA0;&amp; Lymphoma Society, or LLS, including its receipt of additional contingent cash payments under these collaborations; its ability to control expenses and its ability to raise additional funds through equity or debt financings, new collaborations or other sources of financing. The Company may not be able to successfully raise additional funds or enter into or continue any corporate collaborations and the timing, amount and likelihood of the Company receiving payments under such collaborations is highly uncertain. If the Company is unable to obtain adequate financing, the Company may be required to reduce or delay spending on its research and/or development programs.</p> </div>
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-7759196
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.25
CY2015Q1 us-gaap Revenue Recognition Milestone Method Milestone
RevenueRecognitionMilestoneMethodMilestone
The Company has agreed to make each of the following one-time payments to Debiopharm (i) $3,000,000 within 30 days after the first dosing of the first patient in the first Phase 3 clinical trial of Debio 0932; and (ii) $10,000,000 within 30 days after receipt of the first marketing approval for Debio 0932 in the United States of America or any specified major European market (whichever occurs first).
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
107934493 shares
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.016 pure
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.94
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001108205
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.70 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.017 pure
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12650494 shares
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
896000
CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-13877
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
120158
CY2015Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
306760
CY2015Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
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CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-31021549
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2015Q1 us-gaap Royalty Revenue
RoyaltyRevenue
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CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2015Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2240
CY2015Q1 us-gaap Revenues
Revenues
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CY2015Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
57561876
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
40271
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-191651
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
120828
CY2015Q1 us-gaap Interest Expense
InterestExpense
866945
CY2015Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
18703
CY2015Q1 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
929339
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41493
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
64059286
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
64859997
CY2015Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
128628
CY2015Q1 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
24347815
CY2015Q1 us-gaap Royalty Expense
RoyaltyExpense
84092
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-40579956
CY2015Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
4718972
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
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CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16983000
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3529002
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-441223
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
951104
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
60000
CY2015Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
24089027
CY2015Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-929339
CY2015Q1 cris Obligation Limit
ObligationLimit
2.50 pure
CY2015Q1 cris Royalties Terms Of Collaboration Agreement
RoyaltiesTermsOfCollaborationAgreement
The term of the collaboration agreement begins upon signing and, unless earlier terminated, will expire upon either (i) 90 days after the completion by Aurigene of its obligations under all research plans if the Company has not exercised the option with respect to at least one program by such time; or (ii) expiration of the last-to-expire royalty term for any and all products.
CY2015Q1 cris Research And Development Revenue
ResearchAndDevelopmentRevenue
12738
CY2015Q1 cris Issuance Of Common Stock To Licensees
IssuanceOfCommonStockToLicensees
23968183
CY2015Q1 cris Class Of Warrant Or Right Expiration Date
ClassOfWarrantOrRightExpirationDate
2015-01-27
CY2015Q1 cris Class Of Warrant Expired
ClassOfWarrantExpired
1373517 shares
CY2015Q1 cris Contingent Obligations
ContingentObligations
4125000
CY2015Q1 cris Compensation Expenses Related To Agreement
CompensationExpensesRelatedToAgreement
750000
CY2015Q1 cris Share Based Compensation Plans
ShareBasedCompensationPlans
2 Plans
CY2015Q1 cris Equity Issuance Costs Unpaid And Accrued
EquityIssuanceCostsUnpaidAndAccrued
240590

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