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Intangible assets
 3 Months Ended
Mar. 31, 2017
Intangible assets  
Intangible assets

 

6Intangible assets

 

The Company’s intangible assets include acquired licenses and acquired research and development (“acquired R&D”) and are presented in the following table:

 

 

 

March 31,

 

December 31,

 

 

 

2017

 

2016

 

 

 

in thousands

 

Licenses

 

$
7,910

 

$
7,799

 

Acquired research & development

 
4,977

 
4,908

 

 

 

 

 

 

 

Total intangible assets

 
12,887

 
12,707

 

Less accumulated amortization

 
(4,530

)
(4,383

)

 

 

 

 

 

 

Intangible assets, net

 

$
8,357

 

$
8,324

 

 

 

 

 

 

 

 

 

 

The amortization expense of $0.1 million for the three months ended March 31, 2017, and $0.1 million in the same period 2016 is included in research and development expenses.