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Licensed rights and other intangible assets
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Licensed rights and other intangible assets

6.

Licensed rights and other intangible assets

The following provides information about our license rights and other intangible assets, net (in thousands):

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

 

 

 

 

 

Amount

 

 

Amortization

 

 

Net

 

 

Amount

 

 

Amortization

 

 

Net

 

Licensed rights and intangible assets

   subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

License rights

 

$

40,000

 

 

$

8,333

 

 

$

31,667

 

 

$

40,000

 

 

$

6,826

 

 

$

33,174

 

Hormone therapy drug patents

 

 

6,161

 

 

 

1,363

 

 

 

4,798

 

 

 

5,834

 

 

 

1,042

 

 

 

4,792

 

Hormone therapy drug patents applied

   and pending approval

 

 

1,936

 

 

 

 

 

 

1,936

 

 

 

2,020

 

 

 

 

 

 

2,020

 

License rights and other intangible assets

   subject to amortization

 

 

48,097

 

 

 

9,696

 

 

 

38,401

 

 

 

47,854

 

 

 

7,868

 

 

 

39,986

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/trade name rights

 

 

320

 

 

 

 

 

 

320

 

 

 

332

 

 

 

 

 

 

332

 

License rights and other intangible assets, net

 

$

48,417

 

 

$

9,696

 

 

$

38,721

 

 

$

48,186

 

 

$

7,868

 

 

$

40,318

 

 

We recorded amortization expense related to the exclusive license rights agreement with Population Council of $0.8 million for the three months ended June 30, 2022 and 2021, and $1.5 million for the six months ended June 30, 2022 and 2021. We recorded amortization expense related to patents of $0.1 million for the three months ended June 30, 2022 and 2021, and $0.3 million and $0.2 million for the six months ended June 30, 2022 and 2021, respectively.