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License and Acquired Intangibles, Net (Tables) | 6 Months Ended
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Jun. 30, 2025
Finite-Lived Intangible Assets, Net [Abstract] |
Schedule of Finite-Lived Intangible Assets | The following table presents the Company’s intangible assets at June 30, 2025 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Intangible assets: |  |  |  |  |  |  |  |  |
License and acquired intangibles for RUZURGI® |  | $ | 33,569 |  |  | $ | 6,899 |  |  | $ | 26,670 |
License and acquired intangibles for FYCOMPA® |  |  | 158,143 |  |  |  | 77,116 |  |  |  | 81,027 |
License and acquired intangibles for AGAMREE® |  |  | 36,000 |  |  |  | 5,714 |  |  |  | 30,286 |
Total |  | $ | 227,712 |  |  | $ | 89,729 |  |  | $ | 137,983 |
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 |
Schedule of Finite-Lived, Future Amortization Expense | The following table presents future amortization expense the Company expects for its intangible assets (in thousands):
2025 (remaining six months) |  | $ | 18,689 |
2026 |  |  | 37,378 |
2027 |  |  | 37,378 |
2028 |  |  | 7,705 |
2029 |  |  | 5,750 |
Thereafter |  |  | 31,083 |
Total |  | $ | 137,983 |

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