Intangible Assets

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Identified intangible assets consist of the following (in thousands):


		September 30, 2026						December 31, 2025
	Life (Years)	Gross assets		Accumulated amortization		Net		Gross assets		Accumulated amortization		Net
Definite-lived intangible asset - Keveyis	5	$	11,000	$	(11,000)	$	—	$	11,000	$	(9,350)	$	1,650
Definite-lived intangible asset - Recorlev	14	121,000		(41,054)		79,946		121,000		(34,572)		86,428
Total intangible assets		$	132,000	$	(52,054)	$	79,946	$	132,000	$	(43,922)	$	88,078

As of September 30, 2026, expected amortization expense for intangible assets subject to amortization for the next five years and thereafter is as follows (in thousands):


2026	$	2,161
2027	8,643
2028	8,643
2029	8,643
2030	8,643
Thereafter	43,213
Total	$	79,946