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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting | The following table presents the operating results of the Company's segment for the three and six months ended June 30, 2026 and 2025 (in thousands):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Total revenues |  | $ | 39,663 |  |  | $ | 25,881 |  |  | $ | 75,883 |  |  | $ | 46,282 |
Less significant segment expenses: |  |  |  |  |  |  |  |
Research and development directly identified to programs |  | 2,206 |  |  | 2,339 |  |  | 5,138 |  |  | 4,700 |
Research and development not directly identified to programs |  | 2,280 |  |  | 1,094 |  |  | 3,740 |  |  | 1,991 |
Selling, general and administrative directly identified to programs |  | 3,132 |  |  | 6,439 |  |  | 9,564 |  |  | 14,000 |
Selling, general and administrative not directly identified to programs |  | 13,427 |  |  | 14,343 |  |  | 27,778 |  |  | 26,327 |
Other segment items: |  |  |  |  |  |  |  |
Impairment of intangible assets |  | — |  |  | 58,710 |  |  | — |  |  | 58,710 |
Income tax expense |  | 4,042 |  |  | 2,199 |  |  | 10,957 |  |  | 3,381 |
Interest income |  | (1,477) |  |  | (2,257) |  |  | (3,661) |  |  | (2,975) |
Depreciation and amortization expense |  | 316 |  |  | 1,651 |  |  | 732 |  |  | 3,300 |
Interest expense |  | — |  |  | 2,009 |  |  | 1,711 |  |  | 3,978 |
Other income, net (a) |  | 6,985 |  |  | (135,353) |  |  | (26,718) |  |  | (138,738) |
Segment net income |  | $ | 8,752 |  |  | $ | 74,707 |  |  | $ | 46,642 |  |  | $ | 71,608 |
(a) Other income, net, included in segment net income includes the gain on sale of the PRV, cost of product revenue, intangible asset amortization, gain on sale of future royalties, intellectual property, and other assets, net, loss on extinguishment of debt, loss on derivative liability, fair value adjustment related to warrant and contingent value right (“CVR”) liabilities, fair value adjustments related to investments, and other overhead expenses.

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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