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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The following roll-forward indicates the fair values assigned to finite-lived intangible assets from the Acquisition and the resulting amortization:
As of
September 30, 2025December 31, 2024
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Intangible AssetsGross Carrying AmountAccumulated AmortizationNet Intangible Assets
Developed Technologies$2,410,000 $(546,713)$1,863,287 $2,410,000 $(446,297)$1,963,703 
Trade Names40,000 (18,147)21,853 40,000 (14,813)25,187 
Total Finite-Lived Intangible Assets$2,450,000 $(564,860)$1,885,140 $2,450,000 $(461,110)$1,988,890 
The following roll-forward indicates the carrying value of the indefinite-lived intangible asset from the Acquisition and the impairment expenses recorded:
(in thousands)
IPR&D
Balance as of January 1, 2024$560,000 
Impairment(532,000)
Balance as of December 31, 2024
28,000 
Impairment(28,000)
Balance as of September 30, 2025
$— 
Schedule of maturity of finite-lived intangible assets
The estimated future annual amortization of finite-lived intangible assets is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors.
(in thousands)Estimated
Annual
Amortization
Remainder of 2025$34,583 
2026138,333 
2027138,333 
2028138,333 
2029138,333 
2030 and thereafter1,297,225 
Total$1,885,140