v3.26.1
LICENSE AND OTHER AGREEMENTS - Schedule of Activity in Financing for Royalty Agreements (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
License    
Contractual Obligation [Roll Forward]    
Carrying value at December 31, 2025 $ 33,991  
Interest accretion 1,451  
Royalty payments accrued (374)  
Carrying value at March 31, 2026 35,068  
Less: current portion 3,403  
Convertible fees allocated to royalty 97  
Carrying value at March 31, 2026, net of current portion 31,568  
Reedy Creek Purchase Agreement    
Contractual Obligation [Roll Forward]    
Carrying value at December 31, 2025 20,871  
Interest accretion 781  
Royalty payments accrued (214)  
Carrying value at March 31, 2026 21,438  
Less: current portion 1,731 $ 1,963
Convertible fees allocated to royalty 0  
Carrying value at March 31, 2026, net of current portion $ 19,707 18,908
March 31, 2026 Effective Annual Discount Rate 14.80%  
ZELSUVMI Royalty Agreement    
Contractual Obligation [Roll Forward]    
Carrying value at December 31, 2025 $ 9,773  
Interest accretion 588  
Royalty payments accrued (160)  
Carrying value at March 31, 2026 10,201  
Less: current portion 1,400 1,540
Convertible fees allocated to royalty 0  
Carrying value at March 31, 2026, net of current portion $ 8,801 8,233
March 31, 2026 Effective Annual Discount Rate 23.70%  
Xepi Royalty Agreement    
Contractual Obligation [Roll Forward]    
Carrying value at December 31, 2025 $ 2,220  
Interest accretion 55  
Royalty payments accrued 0  
Carrying value at March 31, 2026 2,275  
Less: current portion 156 226
Convertible fees allocated to royalty 64  
Carrying value at March 31, 2026, net of current portion $ 2,055 1,928
March 31, 2026 Effective Annual Discount Rate 9.80%  
Sato Payments    
Contractual Obligation [Roll Forward]    
Carrying value at December 31, 2025 $ 1,127  
Interest accretion 27  
Royalty payments accrued 0  
Carrying value at March 31, 2026 1,154  
Less: current portion 116 113
Convertible fees allocated to royalty 33  
Carrying value at March 31, 2026, net of current portion $ 1,005 $ 981
March 31, 2026 Effective Annual Discount Rate 9.70%