Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses and other current liabilities

v3.20.1
Accrued expenses and other current liabilities
3 Months Ended
Mar. 31, 2020
Accrued expenses and other current liabilities  
Accrued expenses and other current liabilities

Note 9 — Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

​

    

2020

    

2019

Accrued clinical and development expenditure

​

$

9,491

​

$

8,782

Accrued employee expenses

​

​

3,814

​

​

6,863

Other accrued expenditure

​

​

2,562

​

​

2,662

Accrued purchase commitments

​

​

2,500

​

​

5,000

Other

​

 

135

​

 

56

​

​

$

18,502

​

$

23,363

​

In 2016, the Company entered into a supply agreement with ThermoFisher for the supply of the Dynabeads® CD3/CD28 technology. The supply agreement runs until December 31, 2025. Under the supply agreement, the Company is required to purchase its requirements for CD3/CD28 magnetic bead product exclusively from ThermoFisher for a period of 5 years. There are minimum purchasing obligations of $2.5 million due within the next year, which are included within accrued purchase commitments above.