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Intangible Assets
6 Months Ended
Jun. 30, 2019
Intangible Assets  
Intangible Assets

5. Intangible Assets

 

Intangible assets consisted of the following: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Cost

 

Accumulated Amortization

 

 

 

Remaining

 

 

June 30, 

 

 

December 31, 

 

 

June 30, 

 

 

December 31, 

 

 

 

Life (years)

 

2019

 

2018

 

2019

 

2018

RHOFADE product rights

 

 

9.4

 

$

66,415

 

$

66,229

 

$

3,871

 

$

552

Other intangible assets

 

 

8.1

 

 

751

 

 

751

 

 

143

 

 

106

Total definite-lived intangible assets

 

 

 

 

 

67,166

 

 

66,980

 

 

4,014

 

 

658

IPR&D

 

 

na

 

 

6,629

 

 

6,629

 

 

 —

 

 

 —

Total intangible assets, net

 

 

 

 

$

73,795

 

$

73,609

 

$

4,014

 

$

658

 

Amortization expense was $1,679 and $0 for the three months ended June 30, 2019 and 2018, respectively, and was $3,356 and $0 for the six months ended June 30, 2019 and 2018, respectively.

 

As of June 30, 2019, estimated future amortization expenses are as follows:

 

 

 

 

 

 

Year Ending December 31, 

    

 

    

 

2019

 

$

3,360

 

2020

 

 

6,717

 

2021

 

 

6,718

 

2022

 

 

6,717

 

2023

 

 

6,718

 

Thereafter

 

 

32,922

 

Total

 

$

63,152