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Intangible Asset
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Asset

(3)

Intangible Asset

Intangible asset consists of the historical acquisition cost of certain technology rights for VASCEPA. Upon approval by FDA on December 13, 2019 of a new indication of VASCEPA, a milestone for £5 million was achieved, which resulted in the Intangible asset increasing by $8.5 million. The Intangible asset has an estimated weighted-average remaining useful life of 10.1 years. The carrying value as of June 30, 2020 and December 31, 2019 is as follows:

 

In thousands

 

June 30, 2020

 

 

December 31, 2019

 

Technology rights

 

$

20,081

 

 

$

20,081

 

Accumulated amortization

 

 

(5,543

)

 

 

(4,823

)

Intangible asset, net

 

$

14,538

 

 

$

15,258