Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Intangible Assets

The following table presents the components of the Company’s intangible assets, net ($ in thousands):

	As of December 31,
	2024			2023
	Gross Carrying Amount	Accumulated Amortization	Net Carrying Value	Gross Carrying Amount	Accumulated Amortization	Net Carrying Value
Finite-lived intangible assets
Commercial products (i)	57,104	(2,637)	54,467	11,351	(186)	11,165
Software	4,360	(2,800)	1,560	4,340	(2,116)	2,224
Total	61,464	(5,437)	56,027	15,691	(2,302)	13,389

(i) The increase in the net carrying value is primarily driven by $33.4 million of regulatory milestone fees for repotrectinib and SUL-DUR (see Note 16) and $12.2 million of acquired commercial manufacturing know-how and related development costs.

Schedule of Expected Future Amortization Expense

Expected future amortization expense for the five succeeding years and thereafter is as follows ($ in thousands):

	Year Ended December 31
2025	5,834
2026	6,350
2027	6,859
2028	6,686
2029	4,336
Thereafter	25,962
	56,027