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Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2023

Intangible Assets and Goodwill [Abstract]

Intangible Assets and Goodwill

6. Intangible Assets and Goodwill

The Company’s indefinite lived intangible assets consists of acquired IPR&D asset and a mice colony model received from the acquisition of Renovacor.

Intangible assets as of March 31, 2023 and December 31, 2022 are summarized as follows:

		Gross Carrying Value				Accumulated Amortization				Intangible Assets, Net
In process research & development		$	25,150			$	-			$	25,150
Mice colony model			574				-				574
Total intangible assets		$	25,724			$	-			$	25,724

The gross carrying value of intangible assets was due to the acquisition of Renovacor (see Note 14 “Renovacor Acquisition”).

The carrying value of Goodwill was $39.2 million as of March 31, 2023 and included $8.3 million as a result of the acquisition of Renovacor (see Note 14 “Renovacor Acquisition”).

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- References

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI https://asc.fasb.org/topic&trid=2144416

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