Intangible Assets, Net

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 8—Intangible Assets, Net:

Intangible assets, net consisted of the following (in thousands):

	June 30, 2020			December 31, 2019
Acquired and in-licensed rights	$	90,000		$	50,000
Less: accumulated amortization		(11,852	)		(9,539	)
Total intangible asset, net	$	78,148		$	40,461

For the three and six months ended June 30, 2020, the Company incurred amortization expense of $1.3 million and $2.3 million, respectively. The estimated remaining useful life of the intangible assets as of June 30, 2020 is ten years.