Royalty Financing Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Royalty Financing Obligations

The following table shows the royalty financing obligations activity for the three and nine months ended September 30, 2024 (in thousands) as well as the effective interest rate as of September 30, 2024:


	2020 RPI Royalty Agreement			2021 RPI Royalty Agreement			OMERS Royalty Agreement			Total
Balance as of December 31, 2023	$	174,480		$	185,345		$	171,774		$	531,599
Non-cash Interest expense on Royalty financing obligations	9,916			—			4,271			14,187
Royalty revenues paid and payable	(7,842)			(679)			(6,691)			(15,212)
Balance as of March 31, 2024	$	176,554		$	184,666		$	169,354		$	530,574
Non-cash Interest expense on Royalty financing obligations	10,057			—			4,206			14,263
Royalty revenues paid and payable	(9,518)			(823)			(10,863)			(21,204)
Balance as of June 30, 2024	$	177,093		$	183,843		$	162,697		$	523,633
Non-cash Interest expense on Royalty financing obligations	9,964			—			4,055			14,019
Royalty revenues paid and payable	(10,270)			(890)			(11,717)			(22,877)
Balance as of September 30, 2024	$	176,787		$	182,953		$	155,035		$	514,775

Effective interest rate	21.4		%	—		%	9.9		%