The following table shows the royalty financing obligations activity for the three and six months ended June 30, 2026, as well as the effective interest rate as of June 30, 2026:


	2020 RPI Royalty Agreement			2021 RPI Royalty Agreement			OMERS Royalty Agreement			Total
Balance as of December 31, 2025	$	169,559		$	172,671		$	123,458		$	465,688
Non-cash interest expense on royalty financing obligations	10,111			—			3,183			13,294
Royalty revenues payable	(14,132)			(1,220)			(16,132)			(31,484)
Balance as of March 31, 2026	$	165,538		$	171,451		$	110,509		$	447,498
Non-cash interest expense on royalty financing obligations	10,159			—			2,877			13,036
Royalty revenues paid and payable	(15,148)			(1,309)			(17,288)			(33,745)
Balance as of June 30, 2026	$	160,549		$	170,142		$	96,098		$	426,789

Effective interest rate	24.0		%	—		%	10.3		%