Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.10.0.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize, for the periods indicated, operating results by reportable segment:
 
Cost of goods sold is directly related to product sales only. Revenues derived from co-promote revenue had no cost of goods sold.
 
 
 
 
 
 
Pharmaceutical
 
 
 
 
 
 
 
 
 
 
 
 
and
 
 
 
 
 
 
 
 
 
Dermatology
 
Biotechnology
 
 
 
 
 
 
 
($ in thousands)
 
Products
 
Product
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Sales
 
Development
 
National
 
Consolidated
 
Net Revenue
 
$
6,689
 
 
126
 
$
57,019
 
$
63,834
 
Direct cost of goods
 
 
(1,668)
 
 
–
 
 
–
 
 
(1,668)
 
Sales and marketing costs
 
 
(2,910)
 
 
–
 
 
–
 
 
(2,910)
 
Research and development
 
 
–
 
 
(17,489)
 
 
–
 
 
(17,489)
 
General and administrative
 
 
(383)
 
 
(9,763)
 
 
–
 
 
(10,146)
 
National expenses
 
 
–
 
 
–
 
 
(56,218)
 
 
(56,218)
 
Segment income (loss) from operations
 
 
1,728
 
 
(27,126)
 
 
801
 
 
(24,597)
 
Segment assets
 
$
11,307
 
$
159,763
 
 
65,796
 
$
236,866
 
 
 
 
 
 
 
Pharmaceutical
 
 
 
 
 
 
 
 
 
 
 
 
And
 
 
 
 
 
 
 
 
 
Dermatology
 
Biotechnology
 
 
 
 
 
 
 
($ in thousands)
 
Products
 
Product
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
Sales
 
Development
 
National
 
Consolidated
 
Net Revenue
 
$
4,054
 
$
350
 
$
46,293
 
$
50,697
 
Direct cost of goods
 
 
(878)
 
 
–
 
 
–
 
 
(878)
 
Sales and marketing costs
 
 
(2,610)
 
 
–
 
 
–
 
 
(2,610)
 
Research and development
 
 
–
 
 
(13,483)
 
 
–
 
 
(13,483)
 
General and administrative
 
 
(293)
 
 
(8,231)
 
 
–
 
 
(8,524)
 
National expenses
 
 
–
 
 
–
 
 
(48,395)
 
 
(48,395)
 
Segment loss from operations
 
 
273
 
 
(21,364)
 
 
(2,102)
 
 
(23,193)
 
Segment assets
 
$
5,447
 
$
167,787
 
$
76,612
 
$
249,846
 
 
 
 
 
 
 
Pharmaceutical
 
 
 
 
 
 
 
 
 
 
 
 
And
 
 
 
 
 
 
 
 
 
Dermatology
 
Biotechnology
 
 
 
 
 
 
 
($ in thousands)
 
Products
 
Product
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Sales
 
Development
 
National
 
Consolidated
 
Net Revenue
 
$
12,198
 
$
520
 
$
106,541
 
$
119,259
 
Direct cost of goods
 
 
(3,140)
 
 
–
 
 
–
 
 
(3,140)
 
Sales and marketing costs
 
 
(5,670)
 
 
–
 
 
–
 
 
(5,670)
 
Research and development
 
 
–
 
 
(42,544)
 
 
–
 
 
(42,544)
 
General and administrative
 
 
(783)
 
 
(20,151)
 
 
–
 
 
(20,934)
 
National expenses
 
 
–
 
 
–
 
 
(107,054)
 
 
(107,054)
 
Segment loss from operations
 
$
2,605
 
 
(62,175)
 
$
(513)
 
$
(60,083)
 
Segment assets
 
$
11,307
 
 
159,763
 
$
65,796
 
$
236,866
 
 
 
 
 
 
 
Pharmaceutical
 
 
 
 
 
 
 
 
 
 
 
 
And
 
 
 
 
 
 
 
 
 
Dermatology
 
Biotechnology
 
 
 
 
 
 
 
($ in thousands)
 
Products
 
Product
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
Sales
 
Development
 
National
 
Consolidated
 
Net Revenue
 
$
6,139
 
$
1,043
 
$
88,197
 
$
95,379
 
Direct cost of goods
 
 
(1,347)
 
 
-
 
 
-
 
 
(1,347)
 
Sales and marketing costs
 
 
(4,877)
 
 
-
 
 
-
 
 
(4,877)
 
Research and development
 
 
–
 
 
(21,887)
 
 
-
 
 
(21,887)
 
General and administrative
 
 
(612)
 
 
(15,897)
 
 
-
 
 
(16,509)
 
National expenses
 
 
-
 
 
-
 
 
(91,529)
 
 
(91,529)
 
Segment income (loss) from operations
 
$
(697)
 
$
(36,741)
 
$
(3,332)
 
$
(40,770)
 
Segment assets
 
$
5,447
 
$
167,787
 
$
76,612
 
$
249,846