v3.26.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of the Carrying Amount of Goodwill
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 
Schedule of Information Relating to our Recognized Intangible Assets
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.
Schedule of Information Relating to our Recognized Intangible Assets
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.
Schedule of Future Annual Amortization Expense for Finite-Lived Intangible Assets
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