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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

(Dollars In thousands)

 

Estimated

Remaining

Useful Lives

(Years)

 

 

Cost

 

 

Additions

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Cost

 

 

Impairment

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net

Carrying

Amount

 

In-process research

   & development (1)

 

Indefinite-lived

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

4,212

 

 

$

(4,131

)

 

$

 

 

$

(81

)

 

$

 

Inbrija (2)

 

 

11

 

 

 

423,000

 

 

 

 

 

 

(87,164

)

 

 

335,836

 

 

 

423,000

 

 

 

 

 

 

(56,400

)

 

 

 

 

 

366,600

 

Website

   development costs

 

1-3

 

 

 

14,559

 

 

 

26

 

 

 

(14,441

)

 

 

144

 

 

 

14,559

 

 

 

 

 

 

(14,178

)

 

 

 

 

 

381

 

 

 

 

 

 

 

$

437,559

 

 

$

26

 

 

$

(101,605

)

 

$

335,980

 

 

$

441,771

 

 

$

(4,131

)

 

$

(70,578

)

 

$

(81

)

 

$

366,981

 

 

 

 

(1)

Includes the fair value of BTT1023.

 

(2)

In December 2018, the Company received FDA approval for Inbrija and accordingly reclassified the indefinite lived intangible assets to definite lived intangible assets and began amortizating the assets upon launch in February 2019.

Schedule of Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense for intangible assets subsequent to December 31, 2021 is as follows:

(In thousands)

 

 

 

 

2022

 

$

30,894

 

2023

 

 

30,772

 

2024

 

 

30,768

 

2025

 

 

30,764

 

2026

 

 

30,764

 

Thereafter

 

 

182,018

 

 

 

$

335,980