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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The gross carrying amounts and net book value of intangible assets were as follows (in thousands):

 

 

 

September 30, 2021

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

Acquired license agreement

 

$

26,685

 

 

$

1,575

 

 

$

25,110

 

In-place lease

 

 

1,433

 

 

 

111

 

 

 

1,322

 

Total intangible assets with finite lives

 

 

28,118

 

 

 

1,686

 

 

 

26,432

 

Acquired in-process research and development assets ("IPR&D")

 

 

36,550

 

 

 

 

 

 

36,550

 

Total intangible and acquired IPR&D assets

 

$

64,668

 

 

$

1,686

 

 

$

62,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

Acquired license agreement

 

$

26,685

 

 

$

398

 

 

$

26,287

 

In-place lease

 

 

1,433

 

 

 

24

 

 

 

1,409

 

Total intangible assets with finite lives

 

 

28,118

 

 

 

422

 

 

 

27,696

 

Acquired IPR&D assets

 

 

39,295

 

 

 

 

 

 

39,295

 

Total intangible and acquired IPR&D assets

 

$

67,413

 

 

$

422

 

 

$

66,991

 

Schedule of Finite-Lived Intangible Assets Estimated Future Amortization Expense Based on finite-lived intangible assets recorded as of September 30, 2021, the estimated future amortization expense for the next five years is as follows (in thousands):

 

Year Ending December 31,

 

Estimated

Amortization

Expense

 

2021 (remaining three months)

 

$

423

 

2022

 

 

1,722

 

2023

 

 

1,733

 

2024

 

 

1,733

 

2025

 

 

1,733

 

Thereafter

 

 

19,088