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License and Acquired Intangibles, Net (Tables)
9 Months Ended
Sep. 30, 2025
Finite-Lived Intangible Assets, Net [Abstract]  
Schedule of Finite-Lived Intangible Assets

The following table presents the Company’s intangible assets at September 30, 2025 (in thousands):

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net
Carrying Value

 

Intangible assets:

 

 

 

 

 

 

 

 

 

License and acquired intangibles for RUZURGI®

 

$

33,569

 

 

$

7,479

 

 

$

26,090

 

License and acquired intangibles for FYCOMPA®

 

 

158,143

 

 

 

85,023

 

 

 

73,120

 

License and acquired intangibles for AGAMREE®

 

 

36,000

 

 

 

6,571

 

 

 

29,429

 

Total

 

$

227,712

 

 

$

99,073

 

 

$

128,639

 

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 three months)

 

$

9,345

 

2026

 

 

37,378

 

2027

 

 

37,378

 

2028

 

 

7,705

 

2029

 

 

5,750

 

Thereafter

 

 

31,083

 

Total

 

$

128,639