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Royalty Financing Agreement (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Carrying Value of the Royalty Financing Agreement | The following table presents the carrying value of the Company’s debt balance as of December 31, 2023 and 2022 (in thousands):
| As of December 31,
| 2023 |  | 2022
Face value of outstanding convertible notes | $ | 800,000 |  |  | $ | 800,000 |
Debt issuance costs, unamortized | (11,091) |  |  | (14,379) |
Convertible notes | $ | 788,909 |  |  | $ | 785,621 |
The following table presents the carrying value of the Company’s Royalty Financing Agreement balance as of December 31, 2023 and 2022 (in thousands):
|  | December 31,
|  | 2023 |  | 2022
Royalty financing agreement liability - beginning balance |  | $ | 151,538 |  |  | $ | 150,000 |
Revenue Interest Payments paid and payable |  | (12,222) |  |  | (2,149) |
Interest expense recognized |  | 18,846 |  |  | 3,687 |
Royalty financing agreement liability - ending balance |  | $ | 158,162 |  |  | $ | 151,538 |
Royalty financing issuance costs, unamortized - beginning balance |  | $ | (3,523) |  |  | $ | (3,624) |
Amortization of issuance costs |  | 521 |  |  | 101 |
Other |  | (126) |  |  | — |
Deferred issuance costs, unamortized - ending balance |  | $ | (3,128) |  |  | $ | (3,523) |
Royalty Financing Agreement |  | $ | 155,034 |  |  | $ | 148,015 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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