Royalty Monetizations (Tables)

6 Months Ended

Jun. 30, 2023

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		%