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Development, Exclusivity And Option Products Agreement (Details)

v3.21.2
Development, Exclusivity And Option Products Agreement (Details)
$ in Millions
6 Months Ended
Jun. 30, 2021
USD ($)
Development Exclusivity And Option Products Agreement [Abstract]  
Agreement, description Pursuant to the Agreement, CollPlant granted to AbbVie and its affiliates, a license and worldwide exclusive rights to use its rhCollagen, for the production and commercialization of dermal and soft tissue filler products ("Exclusive Products"). With respect to the license, CollPlant received a $14 million upfront cash payment and is entitled to receive up to additional $36 million in proceeds upon the achievement of certain development, clinical trial, regulatory and commercial sale milestones.
Upfront cash payment $ 14
Commercial sale milestones $ 36
Commercial sale 10 years
Written notice period 60 days
Estimated transaction price $ 14