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v3.23.2

Royalty Monetizations (Tables) | 6 Months Ended
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Jun. 30, 2023
Advance Royalties [Abstract] |
Schedule of Royalty Financing Obligations | The following table shows the activity within the Royalty financing obligations account (in thousands) as well as the effective interest rate as of June 30, 2023:
| 2020 RPI Royalty Agreement |  | 2021 RPI Royalty Agreement |  | OMERS Royalty Agreement |  | Total
Balance as of December 31, 2022 | $ | 164,981 |  |  | $ | 173,651 |  |  | $ | 163,023 |  |  | $ | 501,655 |
Non-cash Interest expense on Royalty financing obligations | 9,309 |  |  | 5,680 |  |  | 4,329 |  |  | 19,318 |
Royalty revenues paid and payable | (6,038) |  |  | (524) |  |  | — |  |  | (6,562) |
Balance as of March 31, 2023 | $ | 168,252 |  |  | $ | 178,807 |  |  | $ | 167,352 |  |  | $ | 514,411 |
Non-cash Interest expense on Royalty financing obligations | 9,552 |  |  | 5,440 |  |  | 4,494 |  |  | 19,486 |
Royalty revenues paid and payable | (7,155) |  |  | (621) |  |  | — |  |  | (7,776) |
Balance as of June 30, 2023 | $ | 170,649 |  |  | $ | 183,626 |  |  | $ | 171,846 |  |  | $ | 526,121 |
Effective interest rate | 22.2 | % |  | 10.0 | % |  | 10.6 | % |  |

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