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Liability Related to Sale of Future Royalties (Tables)
12 Months Ended
Dec. 31, 2021
Liability Related To Sale Of Future Royalties [Abstract]  
Schedule of Activity Within Liability Related to Sale of Future Royalties

The following table presents the changes in the liability related to the sale of future royalties under the Royalty Purchase Agreement with HCR (in thousands):

 

 

 

 

 

Liability Related to

 

 

 

 

 

Sale of Future Royalties

 

Proceeds from sale of future royalties in December 2020

 

 

 

$

196,000

 

Deferred transaction costs

 

 

 

 

(3,473

)

Interest expense recognized

 

 

 

 

771

 

Balance at December 31, 2020

 

 

 

 

193,298

 

Zolgensma royalties paid to HCR

 

 

 

 

(48,226

)

Interest expense recognized

 

 

 

 

26,277

 

Balance at December 31, 2021

 

 

 

 

171,349

 

Current portion of liability related to sale of future royalties

 

 

 

 

(37,889

)

Liability related to sale of future royalties, non-current

 

 

 

$

133,460