The following table shows the activity within the liability account of the arrangement (in thousands):
Period from inception to June 30, 2026
Proceeds from royalty obligation
$
75,000
Issuance costs
(3,691)
Interest expense related to royalty obligation
20,428
Royalty obligation as of June 30, 2026
91,737
Effective interest rate
32.3%
No definition available.
Tabular disclosure of activity of royalty obligation