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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Intangible assets:

 

 

 

 

 

 

 

 

Finite-lived intangible assets

 

$

305,122

 

 

$

129,572

 

Indefinite-lived intangible assets

 

 

332,199

 

 

 

607,548

 

Gross intangible assets:

 

 

637,321

 

 

 

737,120

 

Less: Accumulated amortization

 

 

(83,541

)

 

 

(53,124

)

Net carrying value

 

$

553,780

 

 

$

683,996

 

 

Schedule of Net-Book-Value and Estimated Remaining Life of Finite-Lived Intangible Assets

The following table summarizes the net-book-value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2016:

 

 

 

Net Balance at December 31, 2016

 

 

Average Remaining Life

Repurchased royalty rights

 

$

46,688

 

 

6.9 years

Acquired intellectual property

 

 

172,256

 

 

8.1 years

License payments for marketing approvals

 

 

1,869

 

 

4.9 years

SRCC in-place and above market tenant leases

 

 

768

 

 

Remaining lease terms

Total

 

$

221,581

 

 

 

 

Schedule of Future Amortization Expense of Finite-Lived Intangible Assets

As of December 31, 2016, the estimated future amortization expense associated with the Company’s finite-lived intangible assets for each of the five succeeding fiscal years is as follows:

 

Fiscal Year

 

Amount

 

2017

 

$

30,430

 

2018

 

 

30,400

 

2019

 

 

30,086

 

2020

 

 

27,605

 

2021

 

 

26,681

 

Thereafter

 

 

76,379

 

 

 

$

221,581

 

 

Schedule of Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets consisted of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

In-Process Research and Development:

 

 

 

 

 

 

 

 

Pegvaliase

 

$

326,359

 

 

$

 

Kyndrisa

 

 

 

 

 

533,064

 

Other exons acquired with Prosensa

 

 

 

 

 

41,044

 

Reveglucosidase alfa

 

 

 

 

 

25,010

 

Other acquired pre-clinical compounds

 

 

5,840

 

 

 

8,430

 

Net carrying value

 

$

332,199

 

 

$

607,548