v3.26.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The following is a summary of the Company’s amortizing intangible assets as of September 30, 2026:
September 30, 2026
(in thousands)Estimated
Useful Life
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
HETLIOZ®
2035$33,000 $19,960 $13,040 
PONVORY®
2042104,894 16,100 88,794 
NEREUSTM
203610,000 706 9,294 
Total amortizing intangible assets$147,894 $36,766 $111,128 
The following is a summary of the Company’s amortizing intangible assets as of December 31, 2025:
December 31, 2025
(in thousands)Estimated
Useful Life
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
HETLIOZ®
2035$33,000 $18,863 $14,137 
PONVORY®
2042104,894 11,942 92,952 
NEREUSTM
203610,000 — 10,000 
Total amortizing intangible assets$147,894 $30,805 $117,089 
Schedule of Future Intangible Asset Amortization
The following is a summary of the future intangible asset amortization schedule as of September 30, 2026:
(in thousands)Total20262027202820292030Thereafter
HETLIOZ®
$13,040 $365 $1,463 $1,463 $1,463 $1,463 $6,823 
PONVORY®
88,794 1,386 5,544 5,544 5,544 5,544 65,232 
NEREUSTM
9,294 235 941 941 941 941 5,295 
Total amortization expense$111,128 $1,986 $7,948 $7,948 $7,948 $7,948 $77,350