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v3.25.1

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Debt |  |  |
Total | $ 453,500 |  | $ 453,500
Less: Unamortized debt discount and issuance costs | (4,615) |  | (5,156)
Net carrying amount | 448,885 |  | 448,344
Less: Current portion of long-term debt, net | (192,215) |  | (192,028)
Total long-term debt, net | 256,670 |  | 256,316
Interest expense | $ 4,711 | $ 5,851 |
HealthCare Royalty Partners |  |  |
Debt |  |  |
Maximum potential royalty payout | 14.00% |  |
Increase in maximum potential payout percent | 18.00% |  |
Maximum aggregate royalty payments | $ 225,000 |  |
Maximum aggregate royalty payments | 225,000 |  |
Required payment for breach of agreement, payment one | 125,000 |  |
Payment for royalty agreement | 30,200 |  |
2025 Notes | Convertible senior notes |  |  |
Debt |  |  |
Total debt | 192,500 |  | 192,500
Less: Unamortized debt discount and issuance costs | (285) |  | (472)
Net carrying amount | 192,215 |  | 192,028
2028 Notes | Convertible senior notes |  |  |
Debt |  |  |
Total debt | 261,000 |  | 261,000
Less: Unamortized debt discount and issuance costs | (4,330) |  | (4,684)
Net carrying amount | 256,670 |  | 256,316
Royalty Financing Agreement | Loans Payable [Member] | HealthCare Royalty Partners |  |  |
Debt |  |  |
Interest expense | 1,600 | 2,700 |
Deferred Royalty obligations | 67,800 |  | $ 69,500
Royalty Payments | $ 3,000 | $ 1,900 |
Interest Rate of Deferred Royalty Obligation | 9.54% |  |

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