v3.26.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

Intangible assets, net, all of which are finite-lived, consisted of the following (in thousands):

 

 

March 31, 2026

 

 

December 31, 2025

 

Capitalized milestone payments(1)

 

$

15,360

 

 

$

15,360

 

Less accumulated amortization

 

 

(1,184

)

 

 

(908

)

Total

 

$

14,176

 

 

$

14,452

 

______________

(1) As described in Note 3 – Collaboration, Out-Licensing and Related Agreements and Note 10 – In-Licensing and Supply, capitalized milestone payments were recognized from the Recordati Termination Agreement and Aegis License Agreement, respectively.
Schedule of Estimated Future Amortization Expense As of March 31, 2026, estimated future amortization expense for capitalized intangible assets for the next five years is as follows (in thousands):

Year Ended December 31,

 

Amount

 

2026 (remaining nine months)

 

$

828

 

2027

 

 

1,105

 

2028

 

 

1,105

 

2029

 

 

1,105

 

2030

 

 

1,105

 

Total

 

$

5,248