v3.26.1
Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Assets  
Intangible Assets

9. Intangible Assets

The Company’s intangible assets consist of the following (in thousands):

  ​ ​ ​

June 30, 2026

  ​ ​ ​

Weighted-Average Remaining Amortization Period (Years)

Acquired and in-licensed rights

$

17,123

14.3

Less: accumulated amortization

 

(1,256)

Total intangible assets, net

$

15,867

The Company's finite-lived intangible assets are the result of milestone payments due under the Pfizer Agreement (defined herein) and the License Agreement (defined herein). Refer to Note 18. License, collaboration and commercial agreements for further discussion of the Pfizer Agreement and License Agreement.

The Company recorded approximately $0.3 million and $0.6 million in cost of sales – intangible amortization expense related to finite-lived intangible assets during the three and six months ended June 30, 2026, using straight-line methodology. Estimated future cost of sales- intangible amortization expense for finite-lived intangible assets as of June 30, 2026 is as follows (in thousands):

Year ending December 31,

Amount

2026

558

2027

1,117

2028

1,117

2029

1,117

2030

1,117

Thereafter

10,841

Total future amortization

$

15,867