Royalty Purchase and Sale Agreement (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Royalty Purchase and Sale Agreement

Schedule of activity of the HCR agreement

The following table summarizes the activity of the HCR Agreement (in thousands):

Royalty purchase and sale agreement balance at December 31, 2023	$	37,079
Payments		(1,989)
Non-cash interest expense		5,852
October 1st payment included in accounts payable and accrued expenses		(359)
Balance at September 30, 2024	$	40,583
Effective interest rate		20.90	%

The following table summarizes the activity of the HCR Agreement (in thousands):

HCR Agreement (including milestone payment received in December 2023)	$	37,500
Issuance costs		(1,025)
Non-cash interest expense		604
Balance at December 31, 2023	$	37,079
Effective interest rate		22.6	%