v3.26.1
PURCHASE AND SALE OF THE REVENUE PARTICIPATION RIGHT - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Oct. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]            
Liability related to the sale of future revenue, net   $ 113,642   $ 113,642   $ 34,244
Non-cash interest expense       4,882 $ 206  
Derivative liability   13,690   13,690   20,030
Other expense, net   (156) $ 0 516 0  
Change in fair value of derivative liability   (1,190) $ 0 6,340 $ 0  
Sale of Future Revenue            
Debt Instrument [Line Items]            
Derivative liability $ 19,300 13,690   13,690   20,030
Other expense, net 1,800          
Change in fair value of derivative liability       (6,340)    
Significant Unobservable Inputs (Level 3)            
Debt Instrument [Line Items]            
Derivative liability   $ 13,690   $ 13,690   $ 20,030
Significant Unobservable Inputs (Level 3) | Sale of Future Revenue | Measurement Input, Discount Rate | Valuation, Market Approach            
Debt Instrument [Line Items]            
Derivative liability, measurement input   0.157   0.157   0.115
Sale of Future Revenue            
Debt Instrument [Line Items]            
Loan received 300,000          
Proceeds from sale of future revenue 55,000          
Conditional payments, sales achievement threshold 1,100,000          
Liability related to the sale of future revenue, net 32,400 $ 113,642   $ 113,642   $ 34,244
Non-cash interest expense   $ 2,600   $ 4,398    
Effective interest rate (in percent)   27.40%   27.40%    
Sale of Future Revenue, Milestone And Marketing Approval            
Debt Instrument [Line Items]            
Conditional payments 15,000          
Sale of Future Revenue, Milestone            
Debt Instrument [Line Items]            
Conditional payments 25,000          
Sale of Future Revenue, Marketing Approval | Veligrotug            
Debt Instrument [Line Items]            
Conditional payments 75,000          
Sale of Future Revenue, Marketing Approval | Elegrobart            
Debt Instrument [Line Items]            
Conditional payments 50,000          
Sale of Future Revenue, Net Sales Achievement            
Debt Instrument [Line Items]            
Conditional payments 50,000          
Sale of Future Revenue, Agreed Upon Financial Terms            
Debt Instrument [Line Items]            
Conditional payments $ 30,000          
Sale of Future Revenue, Royalty Payments, Tier 1            
Debt Instrument [Line Items]            
Sales royalties, percentage 7.50%          
Sales royalties threshold $ 600,000          
Sale of Future Revenue, Royalty Payments, Tier 2            
Debt Instrument [Line Items]            
Sales royalties, percentage 0.80%          
Sale of Future Revenue, Royalty Payments, Tier 2 | Minimum            
Debt Instrument [Line Items]            
Sales royalties threshold $ 600,000          
Sale of Future Revenue, Royalty Payments, Tier 2 | Maximum            
Debt Instrument [Line Items]            
Sales royalties threshold $ 900,000          
Sale of Future Revenue, Royalty Payments, Tier 3            
Debt Instrument [Line Items]            
Sales royalties, percentage 0.25%          
Sale of Future Revenue, Royalty Payments, Tier 3 | Minimum            
Debt Instrument [Line Items]            
Sales royalties threshold $ 900,000          
Sale of Future Revenue, Royalty Payments, Tier 3 | Maximum            
Debt Instrument [Line Items]            
Sales royalties threshold 2,000,000          
Sale of Future Revenue, Royalty Payments, Tier 4            
Debt Instrument [Line Items]            
Sales royalties threshold $ 2,000,000