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BUSINESS COMBINATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of business acquisitions, by acquisition | This acquisition was accounted for as a business combination. Purchase consideration consisted of the following:
(In thousands, except share price and exchange ratio) |  | Purchase Consideration
Alimera common shares outstanding |  | $ | 53,971 |
Alimera warrants outstanding after exercise |  | 989 |
Alimera common shares and warrants outstanding |  | 54,960 |
Cash consideration per share |  | 5.50 |
Cash consideration for Alimera Common Stock |  | 302,280 |
Repayment of Alimera Debt |  | 78,540 |
Payment of Alimera transaction costs |  | 20,172 |
Cash settlement for pre-acquisition equity awards |  | 9,535 |
Fair value of CVRs |  | 8,322 |
Total Merger Consideration |  | $ | 418,849 |
Schedule of recognized identified assets acquired and liabilities assumed | The allocation of the fair value will be finalized when the valuation is completed, and the differences will be trued up for the final allocated amounts.
(in thousands) | Preliminary Purchase Price Allocation | Measurement Period Adjustment | Purchase Price Allocation
Cash and cash equivalents | $ | 9,247 |  | $ | — |  | $ | 9,247 |
Accounts receivable | 38,605 |  | (43) |  | 38,562 |
Prepaid expenses and other assets | 2,618 |  | — |  | 2,618 |
Inventories | 19,457 |  | (1,559) |  | 17,898 |
Property and equipment | 3,086 |  | — |  | 3,086 |
Intangible assets | 400,000 |  | — |  | 400,000 |
Deferred tax asset, net of deferred tax liabilities and valuation allowance | 198 |  | (80) |  | 118 |
Derivative and other non-current assets | 1,224 |  | — |  | 1,224 |
Total assets | $ | 474,435 |  | $ | (1,682) |  | $ | 472,753 |
Accounts payable | $ | 8,001 |  | $ | — |  | $ | 8,001 |
Accrued expenses and other | 11,396 |  | 96 |  | 11,492 |
Accrued government rebates | — |  | 385 |  | 385 |
Returned goods reserve | 3,095 |  | (2,600) |  | 495 |
Current accrued licensor payment | 3,684 |  | — |  | 3,684 |
Deferred tax liability | 37,932 |  | — |  | 37,932 |
Accrued licensor payment, net of current | 21,316 |  | — |  | 21,316 |
Other non-current liabilities | 2,364 |  | — |  | 2,364 |
Total liabilities | $ | 87,788 |  | $ | (2,119) |  | $ | 85,669 |
Total fair value of consideration transferred | $ | 418,849 |  | $ | — |  | $ | 418,849 |
Less: fair value of net acquired identifiable assets and liabilities | 386,647 |  | 437 |  | 387,084 |
Goodwill | $ | 32,202 |  | $ | (437) |  | $ | 31,765 |
Schedule of finite-lived intangible assets acquired as part of business combination | The following table summarizes the estimated fair value of identifiable intangible assets acquired and their remaining amortization period (in years):
| Fair Value (in thousands) |  | Amortization Period
ILUVIEN | $ | 230,000 |  |  | 12
YUTIQ | $ | 170,000 |  |  | 12
Schedule of business acquisition, pro forma consolidated financial information | The following unaudited pro forma financial information summarizes the results of operations for the periods indicated as if the acquisition had been completed as of January 1, 2023.
| Year Ended December 31,
(in thousands) | 2024 |  | 2023
Net revenues | $ | 680,911 |  | $ | 567,570
Net loss | $ | (24,338) |  |  | $ | (71,552) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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