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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible Assets, Net consisted of the following:
December 31,
20242023
Finite-lived intangible assets$721,110 $710,011 
Accumulated amortization(465,832)(415,310)
Net carrying value$255,278 $294,701 
The following table summarizes the carrying value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2024:
Net BalanceAverage Remaining Life
Acquired intellectual property$144,319 8.4 years
Technology transfer
92,998 
7.0 years(1)
License payments (2)
17,961 8.8 years
Total$255,278 
(1)Certain technology transfer assets have not yet been placed into service. The average remaining life presented is only for those placed into service.
(2)License payments include finite-lived intangible assets due to the Company's achievement of two commercial sale milestones related to ROCTAVIAN.
As of December 31, 2024, the estimated future amortization expense associated with the Company’s finite-lived intangible assets that have been placed into service, was as follows:
Fiscal YearAmount
2025$31,731 
202631,731 
202731,731 
202830,159 
202928,920 
Thereafter89,637 
$243,909