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Long Term Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Secured Term Loan  
Schedule of Future Principal Maturities of Secured Term Loan
The future principal maturities of our Secured Term Loans for each of the next five years are as follows (in thousands):
Year ended December 31,
 
2022
$
19,231

2023
19,231

2024
19,231

Thereafter
67,307

Total
$
125,000


HealthCare Royalty Partners and its Affiliates (“HCR”)  
Schedule of Payment Obligations
Our payment obligations for HCR royalty-based debt are as follows (in thousands):
 
December 31, 2019
 
December 31, 2018
Total repayment obligations
$
290,550

 
$
290,550

Less: interest to be accreted in future periods
(104,268
)
 
(125,851
)
Less: payments made
(9,069
)
 
(816
)
Carrying value of long term royalty-based debt
177,213

 
163,883

Less: current portion of royalties
(14,316
)
 
(8,627
)
Non-current portion of long term royalty-based debt
$
162,897

 
$
155,256


Bristol-Myers Squibb Company (BMS) and Pfizer Inc. (Pfizer)  
Schedule of Payment Obligations
Our payment obligations for BMS and Pfizer Promissory Notes are as follows (in thousands):
 
December 31, 2019
 
December 31, 2018
Total repayment obligations
$
62,500

 
$
62,500

Less: interest to be accreted in future periods
(5,565
)
 
(8,643
)
Less: payments made
(5,374
)
 
(497
)
Carrying value of notes payable
51,561

 
53,360

Less: current portion of royalties
(8,461
)
 
(5,062
)
Non-current portion of notes payable
$
43,100

 
$
48,298