Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

5. Intangible Assets

Intangible assets, net consisted of the following:

	March 31, 2025			December 31, 2024
Intangible assets with finite lives:
License agreement milestone payments	$	14,500		$	9,000
PRV-related obligation payment		8,100			8,100
Intangible assets, gross		22,600			17,100
Less accumulated amortization		(2,195	)		(1,470	)
Intangible assets, net	$	20,405		$	15,630

The Company incurred amortization expense of $0.7 million for the three months ended March 31, 2025.

The estimated aggregate amortization expense for amortizable, finite-lived intangible assets as of March 31, 2025 is as follows:

Year Ending December 31,	Estimated Amortization Expense
2025 (Remaining)	$	2,385
2026		3,180
2027		3,180
2028		3,180
2029		3,180
Thereafter		5,300
Total future expected amortization expense	$	20,405