2016 Q4 Form 10-Q Financial Statement
#000162828016020847 Filed on November 04, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
Revenue | $37.33M | $33.95M | $30.45M |
YoY Change | 22.6% | 21.21% | 116.17% |
Cost Of Revenue | $1.200M | $1.573M | $760.0K |
YoY Change | 57.89% | 206.63% | 123.53% |
Gross Profit | $36.12M | $32.37M | $29.69M |
YoY Change | 21.66% | 17.75% | 115.93% |
Gross Profit Margin | 96.77% | 95.37% | 97.51% |
Selling, General & Admin | $22.58M | $23.47M | $18.95M |
YoY Change | 19.16% | 5.19% | 2.65% |
% of Gross Profit | 62.51% | 72.49% | 63.83% |
Research & Development | $20.00M | $18.41M | $15.37M |
YoY Change | 30.12% | 30.93% | 8.32% |
% of Gross Profit | 55.37% | 56.88% | 51.77% |
Depreciation & Amortization | $4.190M | $4.090M | $3.970M |
YoY Change | 5.54% | 5.41% | 113.44% |
% of Gross Profit | 11.6% | 12.63% | 13.37% |
Operating Expenses | $55.55M | $54.32M | $45.65M |
YoY Change | 21.68% | 11.99% | 39.26% |
Operating Profit | -$18.22M | -$20.37M | -$15.20M |
YoY Change | 19.85% | -0.6% | -18.68% |
Interest Expense | -$1.290M | -$299.0K | -$4.210M |
YoY Change | -69.36% | -56.98% | -59.24% |
% of Operating Profit | |||
Other Income/Expense, Net | -$5.935M | $10.27M | $2.210M |
YoY Change | -368.55% | -93.77% | -121.39% |
Pretax Income | -$12.29M | -$30.65M | -$12.99M |
YoY Change | -5.44% | -121.23% | -55.23% |
Income Tax | -$3.684M | $6.467M | -$10.53M |
% Of Pretax Income | |||
Net Earnings | -$8.603M | -$37.11M | -$2.469M |
YoY Change | 248.44% | -135.15% | -91.49% |
Net Earnings / Revenue | -23.05% | -109.33% | -8.11% |
Basic Earnings Per Share | -$0.23 | -$1.00 | -$0.07 |
Diluted Earnings Per Share | -$0.39 | -$1.00 | -$0.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 37.73M shares | 36.98M shares | 36.15M shares |
Diluted Shares Outstanding | 36.98M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $255.9M | $274.3M | $229.6M |
YoY Change | 11.44% | 16.59% | 727.1% |
Cash & Equivalents | $41.00M | $23.90M | $37.81M |
Short-Term Investments | $214.9M | $250.4M | $191.8M |
Other Short-Term Assets | $8.300M | $3.600M | $10.50M |
YoY Change | -20.95% | 80.0% | 1212.5% |
Inventory | $2.826M | $3.253M | $2.536M |
Prepaid Expenses | |||
Receivables | $18.51M | $14.96M | $12.46M |
Other Receivables | $46.90M | $46.50M | $46.80M |
Total Short-Term Assets | $332.4M | $342.6M | $301.9M |
YoY Change | 10.08% | 14.21% | 708.73% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.587M | $382.0K | $428.0K |
YoY Change | 504.44% | -20.08% | -36.21% |
Goodwill | $936.0K | $936.0K | $936.0K |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | $182.0M | $161.5M | |
YoY Change | 12.7% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $7.364M | $1.974M | $1.859M |
YoY Change | 296.13% | -1.6% | -17.92% |
Total Long-Term Assets | $192.9M | $189.8M | $210.3M |
YoY Change | -8.27% | -10.32% | 114.32% |
TOTAL ASSETS | |||
Total Short-Term Assets | $332.4M | $342.6M | $301.9M |
Total Long-Term Assets | $192.9M | $189.8M | $210.3M |
Total Assets | $525.3M | $532.4M | $512.3M |
YoY Change | 2.54% | 4.06% | 278.14% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.522M | $3.066M | $7.639M |
YoY Change | -1.53% | -37.34% | 7.23% |
Accrued Expenses | $33.31M | $40.38M | $23.82M |
YoY Change | 39.83% | 80.91% | -14.57% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $83.26M | $85.99M | $86.98M |
YoY Change | -4.28% | -15.65% | -19.12% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $44.40M | $44.30M | $43.80M |
YoY Change | 1.37% | 1.37% | 1.15% |
Other Long-Term Liabilities | $4.010M | $2.461M | $3.066M |
YoY Change | 30.79% | -82.31% | 89.61% |
Total Long-Term Liabilities | $4.010M | $2.461M | $3.066M |
YoY Change | 30.79% | -82.31% | 89.61% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $83.26M | $85.99M | $86.98M |
Total Long-Term Liabilities | $4.010M | $2.461M | $3.066M |
Total Liabilities | $217.5M | $224.8M | $212.3M |
YoY Change | 2.46% | 1.91% | 22.91% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$113.1M | -$104.5M | -$65.15M |
YoY Change | 73.52% | 66.63% | -63.64% |
Common Stock | $421.3M | $412.4M | $365.8M |
YoY Change | 15.17% | 16.55% | 159.71% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $0.00 | ||
YoY Change | -100.0% | ||
Treasury Stock Shares | 0.000 shares | ||
Shareholders Equity | $307.8M | $307.6M | $300.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $525.3M | $532.4M | $512.3M |
YoY Change | 2.54% | 4.06% | 278.14% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.603M | -$37.11M | -$2.469M |
YoY Change | 248.44% | -135.15% | -91.49% |
Depreciation, Depletion And Amortization | $4.190M | $4.090M | $3.970M |
YoY Change | 5.54% | 5.41% | 113.44% |
Cash From Operating Activities | -$8.490M | $4.630M | -$3.550M |
YoY Change | 139.15% | 191.19% | -60.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$4.230M | -$2.780M | -$1.720M |
YoY Change | 145.93% | -28.35% | 2050.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $34.70M | -$3.270M | -$98.74M |
YoY Change | -135.14% | -105.94% | -4916.59% |
Cash From Investing Activities | $30.47M | -$6.050M | -$100.5M |
YoY Change | -130.33% | -111.83% | -5199.49% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -5.050M | 4.040M | 1.230M |
YoY Change | -510.57% | -110.13% | -332.08% |
NET CHANGE | |||
Cash From Operating Activities | -8.490M | 4.630M | -3.550M |
Cash From Investing Activities | 30.47M | -6.050M | -100.5M |
Cash From Financing Activities | -5.050M | 4.040M | 1.230M |
Net Change In Cash | 16.93M | 2.620M | -102.8M |
YoY Change | -116.47% | -79.6% | 1243.53% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.490M | $4.630M | -$3.550M |
Capital Expenditures | -$4.230M | -$2.780M | -$1.720M |
Free Cash Flow | -$4.260M | $7.410M | -$1.830M |
YoY Change | 132.79% | 35.47% | -79.69% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001438533 | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
37732329 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
CY2016Q3 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
135 | Employee |
dei |
Entity Registrant Name
EntityRegistrantName
|
Retrophin, Inc. | ||
dei |
Trading Symbol
TradingSymbol
|
rtrx | ||
CY2015Q4 | rtrx |
Accrued Liabilities Miscellaneous
AccruedLiabilitiesMiscellaneous
|
964000 | USD |
CY2016Q3 | rtrx |
Accrued Liabilities Miscellaneous
AccruedLiabilitiesMiscellaneous
|
4164000 | USD |
CY2015Q4 | rtrx |
Accrued Liabilities Researchand Development Current
AccruedLiabilitiesResearchandDevelopmentCurrent
|
4281000 | USD |
CY2016Q3 | rtrx |
Accrued Liabilities Researchand Development Current
AccruedLiabilitiesResearchandDevelopmentCurrent
|
6694000 | USD |
CY2015Q4 | rtrx |
Accrued Liabilities Selling Generaland Administrative Current
AccruedLiabilitiesSellingGeneralandAdministrativeCurrent
|
2704000 | USD |
CY2016Q3 | rtrx |
Accrued Liabilities Selling Generaland Administrative Current
AccruedLiabilitiesSellingGeneralandAdministrativeCurrent
|
1417000 | USD |
CY2015Q4 | rtrx |
Accrued Royalties Noncurrent
AccruedRoyaltiesNoncurrent
|
8885000 | USD |
CY2016Q3 | rtrx |
Accrued Royalties Noncurrent
AccruedRoyaltiesNoncurrent
|
8281000 | USD |
CY2015Q4 | rtrx |
Accrued Royaltyand Contingent Consideration
AccruedRoyaltyandContingentConsideration
|
4688000 | USD |
CY2016Q3 | rtrx |
Accrued Royaltyand Contingent Consideration
AccruedRoyaltyandContingentConsideration
|
13194000 | USD |
CY2015Q4 | rtrx |
Acquisition Related Contingent Consideration
AcquisitionRelatedContingentConsideration
|
13754000 | USD |
CY2016Q3 | rtrx |
Acquisition Related Contingent Consideration
AcquisitionRelatedContingentConsideration
|
6570000 | USD |
CY2015Q4 | rtrx |
Acquisition Related Contingent Consideration Noncurrent
AcquisitionRelatedContingentConsiderationNoncurrent
|
45267000 | USD |
CY2016Q3 | rtrx |
Acquisition Related Contingent Consideration Noncurrent
AcquisitionRelatedContingentConsiderationNoncurrent
|
75370000 | USD |
CY2015Q3 | rtrx |
Bargain Purchase Gain
BargainPurchaseGain
|
0 | USD |
rtrx |
Bargain Purchase Gain
BargainPurchaseGain
|
49063000 | USD | |
CY2016Q3 | rtrx |
Bargain Purchase Gain
BargainPurchaseGain
|
0 | USD |
rtrx |
Bargain Purchase Gain
BargainPurchaseGain
|
0 | USD | |
rtrx |
Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Payment
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationPayment
|
203000 | USD | |
rtrx |
Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Payment
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationPayment
|
772000 | USD | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | USD | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-853000 | USD | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
7000000 | USD | |
CY2015Q3 | rtrx |
Change In Fair Value Of Derivative Instruments
ChangeInFairValueOfDerivativeInstruments
|
-29991000 | USD |
CY2015Q3 | rtrx |
Change In Fair Value Of Derivative Instruments In Shares
ChangeInFairValueOfDerivativeInstrumentsInShares
|
0 | shares |
CY2016Q3 | rtrx |
Change In Fair Value Of Derivative Instruments In Shares
ChangeInFairValueOfDerivativeInstrumentsInShares
|
0 | shares |
rtrx |
Changein Fair Valueof Contingent Consideration
ChangeinFairValueofContingentConsideration
|
7026000 | USD | |
rtrx |
Changein Fair Valueof Contingent Consideration
ChangeinFairValueofContingentConsideration
|
10741000 | USD | |
rtrx |
Classof Warrantor Right Changein Fair Value
ClassofWarrantorRightChangeinFairValue
|
2900000 | USD | |
CY2016Q3 | rtrx |
Classof Warrantor Right Common Stock Issued Upon Exerciseof Warrants
ClassofWarrantorRightCommonStockIssuedUponExerciseofWarrants
|
882533 | shares |
rtrx |
Classof Warrantor Right Common Stock Issued Upon Exerciseof Warrants
ClassofWarrantorRightCommonStockIssuedUponExerciseofWarrants
|
897533 | shares | |
CY2016Q3 | rtrx |
Contractual Obligation Due In Rolling After Year Five
ContractualObligationDueInRollingAfterYearFive
|
5019000 | USD |
CY2016Q3 | rtrx |
Contractual Obligation Due In Rolling Year Four And Five
ContractualObligationDueInRollingYearFourAndFive
|
3127000 | USD |
CY2016Q3 | rtrx |
Contractual Obligation Due In Rolling Year Two And Three
ContractualObligationDueInRollingYearTwoAndThree
|
54188000 | USD |
CY2016Q3 | rtrx |
Contractual Obligation Next Rolling Twelve Months
ContractualObligationNextRollingTwelveMonths
|
4641000 | USD |
rtrx |
Derivative Financial Instruments Warrants Issued Recorded In Interest Expense
DerivativeFinancialInstrumentsWarrantsIssuedRecordedInInterestExpense
|
1050000 | USD | |
rtrx |
Derivative Financial Instruments Warrants Issued Recorded In Interest Expense
DerivativeFinancialInstrumentsWarrantsIssuedRecordedInInterestExpense
|
0 | USD | |
CY2015Q3 | rtrx |
Early Payment Penalty
EarlyPaymentPenalty
|
0 | USD |
rtrx |
Early Payment Penalty
EarlyPaymentPenalty
|
2250000 | USD | |
CY2016Q3 | rtrx |
Early Payment Penalty
EarlyPaymentPenalty
|
0 | USD |
rtrx |
Early Payment Penalty
EarlyPaymentPenalty
|
0 | USD | |
CY2015Q3 | rtrx |
Finance Expense
FinanceExpense
|
0 | USD |
rtrx |
Finance Expense
FinanceExpense
|
600000 | USD | |
CY2016Q3 | rtrx |
Finance Expense
FinanceExpense
|
0 | USD |
rtrx |
Finance Expense
FinanceExpense
|
0 | USD | |
rtrx |
Gain Loss Upon Divestiture Of Assets
GainLossUponDivestitureOfAssets
|
140004000 | USD | |
rtrx |
Gain Loss Upon Divestiture Of Assets
GainLossUponDivestitureOfAssets
|
0 | USD | |
rtrx |
Gain Loss Upon Divestiture Of Assetsto Company
GainLossUponDivestitureOfAssetstoCompany
|
914000 | USD | |
rtrx |
Gain Loss Upon Divestiture Of Assetsto Company
GainLossUponDivestitureOfAssetstoCompany
|
0 | USD | |
CY2015Q4 | rtrx |
Government Rebates Payable
GovernmentRebatesPayable
|
3158000 | USD |
CY2016Q3 | rtrx |
Government Rebates Payable
GovernmentRebatesPayable
|
4470000 | USD |
rtrx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-32000 | USD | |
rtrx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
0 | USD | |
rtrx |
Interest Receivablefrom Notes Receivable
InterestReceivablefromNotesReceivable
|
0 | USD | |
rtrx |
Interest Receivablefrom Notes Receivable
InterestReceivablefromNotesReceivable
|
1605000 | USD | |
rtrx |
Legal Accrual Reversal
LegalAccrualReversal
|
0 | USD | |
rtrx |
Legal Accrual Reversal
LegalAccrualReversal
|
2967000 | USD | |
rtrx |
Noncash Interest Expense
NoncashInterestExpense
|
1818000 | USD | |
rtrx |
Noncash Interest Expense
NoncashInterestExpense
|
1551000 | USD | |
rtrx |
Payment Of Guaranteed Minimum Royalty
PaymentOfGuaranteedMinimumRoyalty
|
1500000 | USD | |
rtrx |
Payment Of Guaranteed Minimum Royalty
PaymentOfGuaranteedMinimumRoyalty
|
1500000 | USD | |
rtrx |
Paymentsto Security Deposits
PaymentstoSecurityDeposits
|
0 | USD | |
rtrx |
Paymentsto Security Deposits
PaymentstoSecurityDeposits
|
115000 | USD | |
CY2015Q4 | rtrx |
Prepaid Taxes Noncurrent
PrepaidTaxesNoncurrent
|
0 | USD |
CY2016Q3 | rtrx |
Prepaid Taxes Noncurrent
PrepaidTaxesNoncurrent
|
3240000 | USD |
rtrx |
Proceedsfrom Maturityof Note Receivable
ProceedsfromMaturityofNoteReceivable
|
0 | USD | |
rtrx |
Proceedsfrom Maturityof Note Receivable
ProceedsfromMaturityofNoteReceivable
|
47500000 | USD | |
CY2016Q3 | rtrx |
Reclassification Of Derivative Liability To Equity
ReclassificationOfDerivativeLiabilityToEquity
|
14500000 | USD |
rtrx |
Reclassification Of Derivative Liability To Equity
ReclassificationOfDerivativeLiabilityToEquity
|
14700000 | USD | |
CY2015Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
7639000 | USD |
CY2016Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3066000 | USD |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
7026000 | USD | |
CY2015Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
12458000 | USD |
CY2016Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
14955000 | USD |
CY2015Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
23820000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9417000 | USD | |
CY2016Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
40376000 | USD |
CY2015Q4 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
882000 | USD |
CY2016Q3 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
4050000 | USD |
CY2015Q4 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
2000000 | USD |
CY2016Q3 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
2000000 | USD |
CY2015Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
7143000 | USD |
CY2016Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
6387000 | USD |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-682000 | USD |
CY2016Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-304000 | USD |
CY2015Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
365802000 | USD |
CY2016Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
412348000 | USD |
CY2015Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8181000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18748000 | USD | |
CY2016Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7748000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
22034000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1175000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
491000 | USD | |
CY2015Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3875000 | USD |
CY2016Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4069000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11864000 | USD | |
CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1800000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3800000 | shares | |
CY2016Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11400000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10800000 | shares | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
4710000 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD | |
CY2015Q4 | us-gaap |
Assets
Assets
|
512264000 | USD |
CY2016Q3 | us-gaap |
Assets
Assets
|
532420000 | USD |
CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
301932000 | USD |
CY2016Q3 | us-gaap |
Assets Current
AssetsCurrent
|
342590000 | USD |
CY2015Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
191799000 | USD |
CY2016Q3 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
250408000 | USD |
CY2015Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
8000 | USD |
CY2016Q3 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
42000 | USD |
CY2015Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
651000 | USD |
CY2016Q3 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
286000 | USD |
CY2015Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
192442000 | USD |
CY2016Q3 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
250652000 | USD |
CY2015Q4 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
191799000 | USD |
CY2016Q3 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
250408000 | USD |
us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
-293000 | USD | |
us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
11000 | USD | |
CY2015Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
6900000 | USD |
CY2015Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
6906000 | USD |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.67 | ||
CY2016Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
5256000 | USD |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
10741000 | USD | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
18204000 | USD |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
140596000 | USD |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
37805000 | USD |
CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23895000 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
122392000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-13910000 | USD | |
CY2015Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2665548 | shares |
CY2016Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1768015 | shares |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
36465853 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
37703996 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
36465853 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
37703996 | shares |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
4000 | USD |
CY2016Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
4000 | USD |
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
104716000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
115319000 | USD | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-36788000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-39678000 | USD | |
CY2016Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
66975000 | USD |
CY2015Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
43766000 | USD |
CY2016Q3 | us-gaap |
Convertible Debt
ConvertibleDebt
|
44257000 | USD |
CY2016Q3 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
74700000 | USD |
CY2015Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
513000 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1424000 | USD | |
CY2016Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1573000 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
3351000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-11791000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-10999000 | USD | |
CY2015Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
24328000 | USD |
CY2016Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8462000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9417000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11953000 | USD | |
CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
38810000 | USD |
CY2016Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
28960000 | USD |
CY2015Q3 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
518000 | USD |
us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
1553000 | USD | |
CY2016Q3 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
0 | USD |
us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
0 | USD | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.95 | |
CY2016Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
834000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
-439000 | USD | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.07 | ||
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.78 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.30 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.07 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
0 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-57000 | USD | |
CY2015Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.269 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.011 | ||
CY2016Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.211 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.132 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
CY2015Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-29991000 | USD |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
36180000 | USD | |
CY2016Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
10126000 | USD |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
4849000 | USD | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
17560000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
29424000 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
179096000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
212722000 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
161536000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
183298000 | USD |
CY2015Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
14000 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
8000 | USD | |
CY2016Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
17000 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
19000 | USD | |
CY2015Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
140004000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
140004000 | USD | |
CY2016Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-112000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
CY2015Q3 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | USD |
us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
15500000 | USD | |
CY2016Q3 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | USD |
us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | USD | |
CY2015Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-4151000 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-4151000 | USD | |
CY2016Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
936000 | USD |
CY2016Q3 | us-gaap |
Goodwill
Goodwill
|
936000 | USD |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
4710000 | USD | |
CY2016Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2015Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
4710000 | USD |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2486000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
9628000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3879000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1284000 | USD | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
144339000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
118460000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-30646000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-45294000 | USD | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
38761000 | USD |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
38800000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1246000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1200000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6500000 | USD |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6467000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6000000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-5994000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1172000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3278000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5540000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
712000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1912000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
822000 | USD | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2642160 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2642160 | shares | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
CY2015Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-695000 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-7415000 | USD | |
CY2016Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-299000 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-609000 | USD | |
CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2247000 | USD |
CY2016Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2475000 | USD |
CY2015Q4 | us-gaap |
Inventory Net
InventoryNet
|
2536000 | USD |
CY2016Q3 | us-gaap |
Inventory Net
InventoryNet
|
3253000 | USD |
CY2015Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
289000 | USD |
CY2016Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
778000 | USD |
CY2015Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
300000 | USD |
CY2016Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
600000 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
212293000 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
224825000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
512264000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
532420000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
86981000 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
85994000 | USD |
CY2015Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5237000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2225000 | USD | |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD | |
CY2016Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
5212000 | USD |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
5212000 | USD | |
CY2015Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
191799000 | USD |
CY2016Q3 | us-gaap |
Marketable Securities
MarketableSecurities
|
250408000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
100370000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1195000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
19859000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-20215000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2163000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
5167000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
105578000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
119706000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37113000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-39300000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
76105000 | USD |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
121259000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-37113000 | USD |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-39300000 | USD | |
CY2015Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
164835000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
154006000 | USD | |
CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-10274000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5302000 | USD | |
CY2015Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
46849000 | USD |
CY2016Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
46526000 | USD |
CY2015Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
45573000 | USD |
CY2016Q3 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
0 | USD |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
48501000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
104990000 | USD | |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
54317000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
136257000 | USD | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-20496000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-35546000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
|
5019000 | USD |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-20372000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-39992000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
10663000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Four And Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFourAndFive
|
1218000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Two And Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwoAndThree
|
3138000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
|
1288000 | USD |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1859000 | USD |
CY2016Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1974000 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-876000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-4395000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
308000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-397000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
958000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1143000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3066000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2461000 | USD |
CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-314000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
35000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
151000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
156000 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
9500000 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
94793000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
152016000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
33430000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
500000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5271000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
7632000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
61000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2378000 | USD |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3553000 | USD |
CY2015Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
8107000 | USD |
CY2016Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
0 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
149454000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
4372000 | USD | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
5998000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
4977000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
92609000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
148411000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | USD | |
CY2016Q3 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
5900000 | USD |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
6000000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
428000 | USD |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
382000 | USD |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
45000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
1000000 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
750000 | USD | |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14064000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
34974000 | USD | |
CY2016Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
18428000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
50775000 | USD | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-65153000 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-104453000 | USD |
CY2015Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
28005000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
69444000 | USD | |
CY2016Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
33945000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
96265000 | USD | |
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
22308000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
56856000 | USD | |
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
23848000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
66178000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18748000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
22034000 | USD | |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
3400000 | shares |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
14.41 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
299971000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
307595000 | USD |
CY2015Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
3879000 | USD |
CY2015Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
3300000 | USD |
CY2016Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1500000 | USD |
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-1800000 | USD | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42752859 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36800536 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36980356 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36728911 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35741877 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32650408 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36980356 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36728911 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;padding-top:12px;font-size:13pt;"><font style="font-family:Arial;font-size:13pt;color:#4c4c4c;font-style:normal;font-weight:bold;text-decoration:none;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">December 31, 2015</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> (the “2015 10-K”) filed with the Securities and Exchange Commission (the “SEC”) on February 26, 2016, and amended on March 2, 2016. The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions for Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. Interim results are not necessarily indicative of the results that may be expected for any future periods. The </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">December 31, 2015</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> balance sheet information was derived from the audited financial statements as of that date.</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;font-style:italic;"> </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current period presentation.</font></div></div> | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;padding-top:12px;font-size:13pt;"><font style="font-family:Arial;font-size:13pt;color:#4c4c4c;font-style:normal;font-weight:bold;text-decoration:none;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#006ebf;font-style:normal;font-weight:bold;text-decoration:none;">Organization and Description of Business</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">In this Quarterly Report on Form 10-Q, unless the context requires otherwise, the terms “we”, “our”, “us”, “Retrophin” and the “Company” refer to Retrophin, Inc., a Delaware corporation, as well as our direct and indirect subsidiaries. We are a fully integrated biopharmaceutical company with approximately </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">135</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> employees headquartered in San Diego, California </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">dedicated to delivering life-changing therapies to people living with rare diseases who have few, if any, treatment options. Our approach centers on our pipeline, featuring clinical-stage assets and pre-clinical discovery programs targeting rare diseases with significant unmet medical needs. Our research and development efforts are supported by revenues from the Company's marketed products, Chenodal</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">®</sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">, Cholbam</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">® </sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">and Thiola</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">®</sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">. </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">In addition we regularly evaluate and, where appropriate, act on opportunities to expand our product pipeline through licenses and acquisitions of products in areas that will serve patients with serious, catastrophic or rare diseases and that we believe offer attractive growth characteristics. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;color:#666666;font-style:italic;font-weight:bold;text-decoration:none;">Products on the Market:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">Chenodal</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">®</sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> (chenodeoxycholic acid) is approved in the United States for the treatment of patients suffering from gallstones in whom surgery poses an unacceptable health risk due to disease or advanced age. Chenodal has also been the standard of care for cerebrotendinous xanthomatosis (“CTX”) patients for more than three decades and the Company is currently pursuing adding this indication to the label.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">Cholbam</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">®</sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> (cholic acid) is approved in the United States for the treatment of bile acid synthesis disorders due to single enzyme defects and is further indicated for adjunctive treatment of patients with peroxisomal disorders.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">Thiola</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:pt">®</sup></font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> (tiopronin) is approved in the United States for the prevention of cystine (kidney) stone formation in patients with homozygous cystinuria.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:12px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;color:#666666;font-style:italic;font-weight:bold;text-decoration:none;">Product Candidates:</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">Sparsentan</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;font-style:italic;">,</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;"> also known as RE-021, is an investigational therapeutic agent which acts as both a potent angiotensin receptor blocker (“ARB”), as well as a selective endothelin receptor antagonist (“ERA”), </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">with in vitro selectivity toward endothelin receptor type A</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">. We have secured a license to sparsentan from Ligand Pharmaceuticals, Inc. and Bristol-Myers Squibb Company (who referred to it as DARA). We are developing sparsentan as a treatment for </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">focal segmental glomerulosclerosis ("FSGS")</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">, which is a leading cause of end-stage renal disease and Nephrotic Syndrome (“NS”). There are no U.S. Food and Drug Administration ("FDA") approved pharmacological treatments for FSGS and the off-label armamentarium is limited to ACE/ARBs, steroids, and immunosuppressant agents, which are effective in only a subset of patients. In the third quarter of 2016, we announced positive top-line data from the Phase 2 DUET study of sparsentan for the treatment of FSGS. We will work with the FDA in the near future to determine the most expeditious path forward to gain approval for sparsentan. Sparsentan was granted orphan drug designation in the U.S. and EU in January 2015 and November 2015, respectively.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">We are developing RE-024, a novel small molecule, as a potential treatment for </font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">pantothenate kinase-associated neurodegeneration ("</font><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">PKAN"). PKAN is a genetic neurodegenerative disorder that is typically diagnosed in the first decade of life. Consequences of PKAN include dystonia, dysarthria, rigidity, retinal degeneration, and severe digestive problems. There are currently no viable treatment options for patients with PKAN. RE-024 is a phosphopantothenate prodrug therapy that aims to restore levels of this key substrate in PKAN patients. Certain international health regulators have approved the initiation of dosing RE-024 in PKAN patients under physician-initiated studies in accordance with local regulations in their respective countries. The Company filed a Investigational New Drug application ("U.S. IND") for RE-024 with the FDA in the first quarter of 2015 to support the commencement of a Company-sponsored Phase 1 study, which was successfully completed during 2015. RE-024 was granted orphan drug designation by the FDA in May 2015 and was granted fast track designation by the FDA in June 2015. On February 24, 2016, we announced RE-024 was granted orphan drug designation from the European Commission. The Company continues discussions with the FDA and the European Medicines Agency ("EMA") regarding the initiation of a potential registration-enabling efficacy trial in PKAN patients.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">L-UDCA is a liquid formulation of ursodeoxycholic acid being developed for the treatment of a rare liver disease called primary biliary cholangitis ("PBC"). Retrophin expects to file a New Drug Application with the FDA in 2017 and, if approved, plans to make L-UDCA commercially available to the subset of PBC patients who have difficulty swallowing. There are no liquid formulations of ursodeoxycholic acid currently approved by the FDA.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">RE-034 is a synthetic hormone analog of the first 24 amino acids of the 39 amino acids contained in adrenocorticotropic hormone ("ACTH") incorporated into a novel formulation developed by the Company. RE-034 exhibits similar physiological actions as endogenous ACTH by binding to all five melanocortin receptors (pan-MCR), resulting in its anti-inflammatory and immunomodulatory effects. Retrophin has successfully manufactured RE-034 at proof-of-concept scale using a novel formulation process that allows modulation of the release of the active ingredient from the site of administration. The Company is exploring strategic options for development of RE-034, including the evaluation of external partnership and out-licensing opportunities.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;color:#666666;font-style:italic;font-weight:bold;text-decoration:none;">Preclinical:</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;color:#006ebf;font-style:normal;font-weight:bold;text-decoration:none;">NGLY1</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;font-size:9.5pt;"><font style="font-family:Arial Narrow;font-size:9.5pt;color:#000000;">The Company entered into a research collaboration with the Grace Science Foundation and the Warren Family Research Center for Drug Discovery and Development at the University of Notre Dame for the development of a novel therapeutic for patients with NGLY1 deficiency, a rare genetic disorder. NGLY1 deficiency is believed to be caused by a deficiency in an enzyme called N-glycanase-1, which is encoded by the gene NGLY1. The condition is characterized by a variety of symptoms, including global developmental delay, movement disorder, seizures, and ocular abnormalities. Under this collaboration, the Grace Science Foundation is providing support and funding to Retrophin to enable discovery efforts that aim to validate and address a new molecular target that may be relevant to NGLY1 deficiency. The Warren Family Research Center for Drug Discovery and Development at the University of Notre Dame is providing funding and in-kind research support to help Retrophin advance this program.</font></div></div> |