Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net, consist of the following as of and for the year ended December 31, 2022 (in thousands, except years):


	Weighted- Average Remaining Contractual Life (in years)		Gross Carrying Amount		Impairment(1)			Accumulated Amortization			Intangible Assets, Net
Acquired technologies		8.8	$	24,330	$	(9,660	)	$	(10,360	)	$	4,310
IPR&D				20,940		—			—			20,940
Total			$	45,270	$	(9,660	)	$	(10,360	)	$	25,250

__________

(1)

Includes the impairment of BMS Relaxin and BMS FGF-21 intangible assets, as more fully described within the Intangible Assets, Net subsection of Note 2—Summary of Significant Accounting Policies. These intangible asset impairments are presented in the consolidated statements of operations and comprehensive loss as impairment of intangible assets within operating activities.

Intangible assets, net, consist of the following as of and for the year ended December 31, 2021 (in thousands, except years):


	Weighted- Average Remaining Contractual Life (in years)		Gross Carrying Amount		Additions		Impairment(1)			Accumulated Amortization			Intangible Assets, Net
Acquired technologies		9.7	$	23,870	$	1,250	$	(513	)	$	(9,585	)	$	15,022
IPR&D				20,940		—		—			—			20,940
Total			$	44,810	$	1,250	$	(513	)	$	(9,585	)	$	35,962

__________

(1)

Represents the impairment of an acquired technology intangible asset, as more fully described within the Intangible Assets, Net subsection of Note 2—Summary of Significant Accounting Policies. These intangible asset impairments are presented in the consolidated statements of operations and comprehensive loss as impairment of intangible assets within operating activities.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense is as follows as of December 31, 2022 (in thousands):


Year ending December 31,
2023	$	629
2024		630
2025		629
2026		364
2027		356
Thereafter		1,702
Total	$	4,310