XML 92 R78.htm IDEA: XBRL DOCUMENT v3.25.0.1
FAIR VALUE - Narrative (Details)
3 Months Ended 12 Months Ended
Sep. 16, 2024
USD ($)
Feb. 22, 2024
USD ($)
Dec. 27, 2023
USD ($)
Dec. 12, 2023
USD ($)
Aug. 14, 2023
USD ($)
intangibleAsset
Jul. 21, 2022
USD ($)
intangibleAsset
May 17, 2021
USD ($)
Dec. 31, 2024
USD ($)
guarantee
Jun. 30, 2023
USD ($)
intangibleAsset
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
guarantee
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jan. 24, 2024
shares
Nov. 19, 2021
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Fair value of money market funds               $ 84,277,000     $ 84,277,000 $ 191,841,000      
Fair value interest rate derivative assets               4,897,000     $ 4,897,000 6,236,000      
Achievement of milestones payment period                     24 months        
Contingent consideration               10,900,000     $ 10,900,000 24,000,000.0      
Payments on contingent consideration                     12,500,000 12,500,000 $ 0    
Intangible asset impairment charge                     7,600,000 0 112,000    
Consideration                     717,000 9,643,000 7,579,000    
Intangible assets acquired                       9,600,000      
Intangible asset impairment charge                     3,600,000 0 100,000    
Gross Carrying Amount               893,825,000     893,825,000 496,708,000      
Research and Development                     44,581,000 34,286,000 22,318,000    
Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Intangible asset impairment charge                     0        
Akorn Holding Company, Pipeline Product                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Intangible asset impairment charge                     0        
Oakrum Pharma                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Remaining estimated useful lives           7 years                  
Intangible asset impairment charge                     0        
Acquired ANDA intangible assets                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Intangible asset impairment charge                     7,600,000 0 $ 100,000    
Gross Carrying Amount               210,497,000     210,497,000 209,780,000      
Acquired ANDA intangible assets | Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Consideration         $ 3,000,000.0                    
Intangible assets acquired         $ 2,800,000                    
Remaining estimated useful lives         7 years                    
Number of intangible assets acquired | intangibleAsset         1 4     2            
Acquired ANDA intangible assets | Akorn Holding Company, Pipeline Product                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Intangible assets acquired                 $ 4,300,000            
Remaining estimated useful lives                 7 years            
Total asset purchase                 $ 4,800,000            
Acquired ANDA intangible assets | Oakrum Pharma                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Total asset purchase           $ 8,000,000.0                  
Gross Carrying Amount           7,200,000                  
Research and Development           1,200,000                  
Contingent liability not recognized, asset acquisition           $ 200,000                  
Acquired ANDA intangible assets | Oakrum Pharma | Measurement Input, Discount Rate                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Intangible asset measurement input           13                  
Product Intellectual Property | Alvogen Inc                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Consideration     $ 2,000,000                        
Intangible assets acquired     $ 2,000,000                        
Remaining estimated useful lives     7 years                        
Acquired pipeline product | Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Number of intangible assets acquired | intangibleAsset                 1            
Acquired commercial product | Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Number of intangible assets acquired | intangibleAsset           1                  
Acquired approved product | Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Number of intangible assets acquired | intangibleAsset           1                  
Acquired filed products | Slayback Pharma Limited Liability, Company Patents and Pending Patents                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Number of intangible assets acquired | intangibleAsset           2                  
CG Oncology                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Shares held (in shares) | shares                           219,925  
Investment, cost               28.68     28.68        
Accrued Licensor Payments                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Fair value of payments               $ 6,300,000     $ 6,300,000        
Up-front payment             $ 75,000,000                
Number of quarterly guaranteed payment | guarantee               4     4        
Additional milestone payment                     $ 7,500,000        
Accrued Licensor Payments | Forecast                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Collaborative arrangement royalty payable on net revenue revenue threshold                   $ 70,000,000          
Eye Point Agreements Member                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Fair value of payments               $ 21,000,000.0     21,000,000.0        
Payments for royalties               1,900,000              
Alimera Sciences, Inc | Contingent Value Rights Agreement                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Contingent consideration classified as equity, fair value disclosure               9,000,000.0     9,000,000.0        
Alimera Sciences, Inc                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Business combination, milestone payment multiplier 0.25                            
Contingent consideration               9,000,000     9,000,000        
Research and Development                     1,000,000.0        
Novitium                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Additional contingent consideration               46,500,000     46,500,000        
Contingent consideration               $ 10,854,000     $ 10,854,000 $ 23,984,000     $ 30,800,000
Payments on contingent consideration   $ 12,500,000   $ 12,500,000                      
2026 Milestone Revenue Payment | Alimera Sciences, Inc                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Revenues $ 140,000,000.0                            
Business combination, divisible revenue $ 10,000,000.0                            
2027 Milestone Revenue Payment | Alimera Sciences, Inc | Contingent Value Rights Agreement                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Contingent consideration, milestone payment, CVRs agreement business days 15 days                            
2027 Milestone Revenue Payment | Alimera Sciences, Inc                              
Fair Value Measurement Inputs and Valuation Techniques [Line Items]                              
Revenues $ 160,000,000.0                            
Business combination, divisible revenue $ 15,000,000.0