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Deferred Royalty Obligation Related To The Sale Of Future Royalties (Tables) | 12 Months Ended
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Dec. 31, 2024
Advance Royalties [Abstract] |
Schedule of Deferred Royalty Obligation | A summary of financial information related to the HCR Agreement is as follows:
| Year Ended December 31,
($ in thousands) | 2024 |  | 2023 |  | 2022
Non-cash interest expense related to the sale of future royalties | $ | (7,088) |  |  | $ | (3,924) |  |  | $ | (1,673) |
Effective interest rate | 31.0 | % |  | 34.7 | % |  | 34.4 | %
(in thousands) | 2024 |  | 2023 |  | 2022
Beginning deferred royalty obligation | $ | 20,179 |  |  | $ | 11,254 |  |  | $ | — |
Upfront payment, net of transaction costs | — |  |  | — |  |  | 9,581 |
Regulatory approval milestone | — |  |  | 5,000 |  |  | — |
Non-cash interest expense related to sale of future royalties | 7,088 |  |  | 3,924 |  |  | 1,673 |
Royalty distributed to HCR | (1,740) |  |  | — |  |  | — |
Other | — |  |  | 1 |  |  | — |
Ending deferred royalty obligation | $ | 25,527 |  |  | $ | 20,179 |  |  | $ | 11,254 |

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