BUSINESS COMBINATION (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of business acquisitions, by acquisition

Purchase consideration consisted of the following:

(In thousands, except share price and exchange ratio)	Purchase Consideration
Alimera common shares outstanding	53,971
Alimera warrants outstanding after exercise	989
Alimera common shares and warrants outstanding	54,960
Cash consideration per share	$	5.50
Cash consideration for Alimera Common Stock	$	302,280
Repayment of Alimera Debt	78,540
Payment of Alimera transaction costs	20,172
Cash settlement for pre-acquisition equity awards	9,535
Fair value of CVRs	8,322
Total Merger Consideration	$	418,849

Schedule of recognized identified assets acquired and liabilities assumed

(in thousands)	Preliminary Purchase Price Allocation		Measurement Period Adjustment		Final Purchase Price Allocation
Cash and cash equivalents	$	9,247	$	—	$	9,247
Accounts receivable	38,605		175		38,780
Prepaid expenses and other assets	2,618		—		2,618
Inventories	19,457		(1,559)		17,898
Property and equipment	3,086		—		3,086
Intangible assets	400,000		—		400,000
Deferred tax asset, net of deferred tax liabilities and valuation allowance	198		(84)		114
Derivative and other non-current assets	1,224		—		1,224
Total assets	$	474,435	$	(1,468)	$	472,967
Accounts payable	$	8,001	$	—	$	8,001
Accrued expenses and other	11,396		976		12,372
Accrued government rebates	—		385		385
Returned goods reserve	3,095		(2,600)		495
Current accrued licensor payment	3,684		—		3,684
Accrued licensor payment, net of current	21,316		—		21,316
Deferred tax liability	37,932		1,828		39,760
Other non-current liabilities	2,364		—		2,364
Total liabilities	$	87,788	$	589	$	88,377
Total fair value of consideration transferred	$	418,849	$	—	$	418,849
Less: fair value of net acquired identifiable assets and liabilities	386,647		(2,057)		384,590
Goodwill	$	32,202	$	2,057	$	34,259

Schedule of finite-lived intangible assets acquired as part of business combination

The following table summarizes the estimated fair value of identifiable intangible assets acquired and their remaining amortization period (in years):

(in thousands)	Fair Value		Amortization Period
ILUVIEN	$	230,000	12
YUTIQ	$	170,000	12