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v3.25.2

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Dec. 31, 2024
Debt |  |  |  |  |
Total | $ 453,000 |  | $ 453,000 |  | $ 453,500
Less: Unamortized debt discount and issuance costs | (4,078) |  | (4,078) |  | (5,156)
Net carrying amount | 448,922 |  | 448,922 |  | 448,344
Less: Current portion of long-term debt, net | (191,903) |  | (191,903) |  | (192,028)
Total long-term debt, net | 257,019 |  | 257,019 |  | 256,316
Interest expense | 4,663 | $ 5,802 | $ 9,374 | $ 11,653 |
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 | 33,300 |  | 33,300 |  |
2025 Notes | Convertible senior notes |  |  |  |  |
Debt |  |  |  |  |
Total debt | 192,000 |  | 192,000 |  | 192,500
Less: Unamortized debt discount and issuance costs | (97) |  | (97) |  | (472)
Net carrying amount | 191,903 |  | 191,903 |  | 192,028
2028 Notes | Convertible senior notes |  |  |  |  |
Debt |  |  |  |  |
Total debt | 261,000 |  | 261,000 |  | 261,000
Less: Unamortized debt discount and issuance costs | (3,981) |  | (3,981) |  | (4,684)
Net carrying amount | 257,019 |  | 257,019 |  | 256,316
Royalty Financing Agreement | Loans Payable [Member] | HealthCare Royalty Partners |  |  |  |  |
Debt |  |  |  |  |
Interest expense | 1,500 | $ 2,700 | 3,100 | 5,500 |
Deferred Royalty obligations | $ 66,400 |  | 66,400 |  | $ 69,500
Royalty Payments |  |  | $ 6,100 | $ 4,100 |
Interest Rate of Deferred Royalty Obligation |  |  | 9.41% |  |

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