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DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Term Loan

The Company’s term loan under the Perceptive Credit Agreement, net consists of the following:

(In thousands)						March 31, 2024						December 31, 2023
Term loan						$	37,500					$	37,500
Unamortized debt issuance costs						(1,175)						(1,240)
Unamortized debt discount						(2,919)						(3,075)
Term loan, net						$	33,406					$	33,185

Schedule of Long-Term Debt Maturities

As of March 31, 2024, principal repayments on the debt are as follows:

(In thousands)
2024			$	—
2025			—
2026			—
2027			2,216
2028			35,284
Total repayments			$	37,500

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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