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Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net

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

 

 

As of December 31, 2023

 

Estimated Useful Life

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Royalty rights

3 - 13 years

 

$

3,494

 

 

$

(150

)

 

$

3,344

 

IPR&D

Indefinite

 

 

20,964

 

 

 

 

 

 

20,964

 

Total

 

 

$

24,458

 

 

$

(150

)

 

$

24,308

 

Schedule of Amortization of Intangible Assets Amortization of intangible assets for the next five years related to the intangible assets held as of December 31, 2023 is estimated to be as follows (in thousands):

Years Ending December 31,

 

Estimated Amortization Expense

 

2024

 

$

421

 

2025

 

 

421

 

2026

 

 

322

 

2027

 

 

223

 

2028

 

 

223

 

Thereafter

 

 

1,734

 

Total

 

$

3,344