v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents the changes in the carrying amount of goodwill.
(in millions)Amount
Balance as of December 31, 2025
$6.1 
Foreign currency translation adjustments(0.1)
Balance as of March 31, 20266.0 
Additions in connection with the acquisition of Soleno Therapeutics, Inc.494.6 
Balance as of June 30, 2026
$500.6 
The following table presents information relating to our recognized intangible assets.
June 30,
2026		December 31,
2025
(dollars in millions)Gross Carrying AmountAccumulated AmortizationNet
Carrying Amount		Gross Carrying AmountAccumulated
Amortization		Net
Carrying Amount
Developed product rights 1
$2,242.8 $16.8 $2,226.0 $5.0 $0.3 $4.7 
Total intangible assets, net$2,226.0 $4.7 
_________________________
(1) Developed product rights have a useful life of 16 years.
The following table presents approximate future annual amortization expense for our finite-lived intangible assets as of June 30, 2026.
(in millions)Amount
2026 (6 months remaining)
$70.1 
2027
$140.2 
2028
$140.2 
2029
$140.2 
2030
$140.2 
Thereafter$1,595.1