v3.25.2
Royalty Financing Agreement (Details)
$ in Thousands
1 Months Ended 6 Months Ended
Jun. 05, 2023
USD ($)
May 31, 2023
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
CSL Behring collaboration        
Royalty financing agreement interest expense, net of interest paid     $ 20,626 $ 22,172
CSL Behring        
CSL Behring collaboration        
Maximum rights to all other royalties, as well as contractual milestones retained     1,300,000  
Royalty Financing Agreement        
CSL Behring collaboration        
Upfront payment received   $ 375,000    
Upfront payment payable to purchaser     843,800  
Net proceeds from the Royalty Financing Agreement $ 370,100   370,100  
Royalty financing agreement interest expense, net of interest paid     $ 27,079  
Royalty Financing Agreement | Minimum        
CSL Behring collaboration        
Effective interest rate (as a percent)     12.00% 12.00%
Royalty Financing Agreement | Maximum        
CSL Behring collaboration        
Effective interest rate (as a percent)     13.50% 13.50%
Royalty Financing Agreement | First Hard Cap Date        
CSL Behring collaboration        
Upfront payment payable to purchaser   $ 693,800    
Ratio of upfront payment   1.85    
Royalty financing agreement interest expense, net of interest paid     $ 473,700  
Royalty Financing Agreement | If paid through December 31, 2038        
CSL Behring collaboration        
Ratio of upfront payment   2.25    
Royalty Financing Agreement | If 2024 net sales do not exceed a pre-specified threshold        
CSL Behring collaboration        
Upfront payment payable to purchaser   $ 25,000