XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 9. Goodwill and Intangible Assets ​ As of September 30, 2025 and December 31, 2024, the Company’s goodwill balance was $145,925 and $162,333, respectively. The change in the period was due to changes within the measurement period, as described in Footnote 4, Acquisition. The Company’s goodwill resulted from the acquisition of BioDelivery Sciences International, Inc. (“BDSI”) (the “BDSI Acquisition”) on March 22, 2022 and the Ironshore Acquisition on September 3, 2024. ​ The following table sets forth the cost, accumulated amortization, and carrying amount of intangible assets as of September 30, 2025 and December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025 | ​ | December 31, 2024
​ | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount
Jornay PM | ​ | $ | 635,000 | ​ | $ | (90,113) | ​ | $ | 544,887 | ​ | $ | 635,000 | ​ | $ | (27,242) | ​ | $ | 607,758
Belbuca | ​ | ​ | 360,000 | ​ | ​ | (265,762) | ​ | ​ | 94,238 | ​ | ​ | 360,000 | ​ | ​ | (209,214) | ​ | ​ | 150,786
Nucynta Products | ​ | ​ | 521,170 | ​ | ​ | (479,633) | ​ | ​ | 41,537 | ​ | ​ | 521,170 | ​ | ​ | (438,094) | ​ | ​ | 83,076
Symproic | ​ | ​ | 70,000 | ​ | ​ | (25,679) | ​ | ​ | 44,321 | ​ | ​ | 70,000 | ​ | ​ | (20,218) | ​ | ​ | 49,782
Total intangible assets | ​ | $ | 1,586,170 | ​ | $ | (861,187) | ​ | $ | 724,983 | ​ | $ | 1,586,170 | ​ | $ | (694,768) | ​ | $ | 891,402
​ The following table presents amortization expense recognized in cost of product revenues for the three and nine months ended September 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ | ​ | 2025 |  | ​ | 2024 | ​ | ​ | 2025 |  | ​ | 2024
Jornay PM | $ | 20,957 | ​ | $ | 6,285 | ​ | $ | 62,872 | ​ | $ | 6,285
Belbuca | ​ | 18,849 |  | ​ | 18,849 | ​ | ​ | 56,544 |  | ​ | 56,545
Nucynta Products | ​ | 13,847 | ​ | ​ | 13,847 | ​ | ​ | 41,538 | ​ | ​ | 41,537
Symproic | ​ | 1,820 | ​ | ​ | 1,820 | ​ | ​ | 5,465 | ​ | ​ | 5,466
Total amortization expense | $ | 55,473 | ​ | $ | 40,801 | ​ | $ | 166,419 | ​ | $ | 109,833
​ As of September 30, 2025, the remaining amortization expense expected to be recognized is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Years ended December 31, | Jornay PM | ​ | Belbuca | ​ | Nucynta Products | ​ | Symproic | ​ | Total
2025 | $ | 20,958 | ​ | $ | 18,845 | ​ | $ | 13,845 | ​ | $ | 1,824 | ​ | $ | 55,472
2026 | ​ | 83,829 | ​ | ​ | 75,393 | ​ | ​ | 27,692 | ​ | ​ | 7,285 | ​ | ​ | 194,199
2027 | ​ | 83,829 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 91,114
2028 | ​ | 83,829 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 91,114
2029 | ​ | 83,829 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 91,114
Thereafter | ​ | 188,613 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13,357 | ​ | ​ | 201,970
Remaining amortization expense | $ | 544,887 | ​ | $ | 94,238 | ​ | $ | 41,537 | ​ | $ | 44,321 | ​ | $ | 724,983
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration