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License and Acquired Intangibles, Net (Tables)
12 Months Ended
Dec. 31, 2024
Finite-Lived Intangible Assets, Net [Abstract]  
Schedule of Finite-Lived Intangible Assets

The following table presents the Company’s intangible assets at December 31, 2024 (in thousands):

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Intangible assets:

 

 

 

 

 

 

 

 

 

License and acquired intangibles for RUZURGI®

 

$

33,569

 

 

$

5,739

 

 

$

27,830

 

License and acquired intangibles for FYCOMPA®

 

 

158,143

 

 

 

61,301

 

 

 

96,842

 

License and acquired intangibles for AGAMREE®

 

 

36,000

 

 

 

4,000

 

 

 

32,000

 

Total

 

$

227,712

 

 

$

71,040

 

 

$

156,672

 

 

The following table presents the Company’s intangible assets at December 31, 2023 (in thousands):

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Intangible assets:

 

 

 

 

 

 

 

 

 

License and acquired intangibles for RUZURGI®

 

$

33,569

 

 

$

3,418

 

 

$

30,151

 

License and acquired intangibles for FYCOMPA®

 

 

158,143

 

 

 

29,673

 

 

 

128,470

 

License and acquired intangibles for AGAMREE®

 

 

36,000

 

 

 

572

 

 

 

35,428

 

Total

 

$

227,712

 

 

$

33,663

 

 

$

194,049

 

Schedule of Finite-Lived, Future Amortization Expense

The following table presents future amortization expense the Company expects for its intangible assets (in thousands):

 

2025

 

$

37,378

 

2026

 

 

37,378

 

2027

 

 

37,378

 

2028

 

 

7,705

 

2029

 

 

5,750

 

Thereafter

 

 

31,083

 

Total

 

$

156,672