v3.26.1
Collaborations, Licensing and Other Arrangements (Tables)
6 Months Ended
Jun. 30, 2026
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]  
Schedule of Total Revenue from Collaboration and Services

Revenue from collaborations and services were as follows (in thousands):

 

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

UT License Agreement

 

$

4,923

 

 

$

 

 

$

5,923

 

 

$

 

UT CSA(1)

 

 

29,599

 

 

 

22,224

 

 

 

51,613

 

 

 

51,042

 

Amphastar co-promotion agreement

 

 

500

 

 

 

500

 

 

 

1,000

 

 

 

1,000

 

Cipla License and Distribution Agreement

 

 

 

 

 

37

 

 

 

 

 

 

73

 

Other

 

 

 

 

 

84

 

 

 

 

 

 

106

 

Total revenue from collaborations and services

 

$

35,022

 

 

$

22,845

 

 

$

58,536

 

 

$

52,221

 

 

(1)
Amounts consist of revenue recognized for Manufacturing Services to UT for the periods presented.
United Therapeutics Corporation  
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]  
Schedule of Total Revenue from Collaboration and Services

Total revenue from UT was as follows (in thousands):

 

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue from UT

 

 

 

 

 

 

 

 

 

 

 

 

UT License Agreement - royalties(1)

 

$

32,370

 

 

$

31,228

 

 

$

65,119

 

 

$

61,233

 

UT License Agreement(2)

 

 

4,923

 

 

 

 

 

 

5,923

 

 

 

 

UT CSA

 

 

29,599

 

 

 

22,224

 

 

 

51,613

 

 

 

51,042

 

Total revenue from UT

 

$

66,892

 

 

$

53,452

 

 

$

122,655

 

 

$

112,275

 

 

(1)
The contract asset related to the royalties receivable of $29.1 million and $28.1 million as of June 30, 2026 and 2025, respectively, was included in prepaid expense and other current assets in the condensed consolidated balance sheets and collected in the following quarter.
(2)
Amounts consist of revenue earned related to the development of ralinepag DPI.
UT CSA  
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]  
Schedule of Total Revenue from Collaboration and Services The portion of revenue related to each deliverable included in UT CSA revenue (in thousands) is as follows:

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

UT CSA Revenue

 

 

 

 

 

 

 

 

 

 

 

Sale of product

$

26,997

 

 

$

18,704

 

 

$

44,927

 

 

$

43,818

 

Recognition of previously deferred revenue

 

2,564

 

 

 

2,654

 

 

 

4,277

 

 

 

6,066

 

Other agreements

 

38

 

 

 

866

 

 

 

2,409

 

 

 

1,158

 

Total UT CSA revenue

$

29,599

 

 

$

22,224

 

 

$

51,613

 

 

$

51,042