DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Term Loan

The Company’s term loan under the Perceptive Credit Agreement, net consists of the following:

(In thousands)	June 30, 2024		December 31, 2023
Term loan	$	37,500	$	37,500
Unamortized debt issuance costs	(1,111)		(1,240)
Unamortized debt discount	(2,761)		(3,075)
Term loan, net	$	33,628	$	33,185

Schedule of Maturities of Long-Term Debt

As of June 30, 2024, principal repayments on the debt are as follows:

(In thousands)
2024	$	—
2025	—
2026	—
2027	2,216
2028	35,284
Total repayments	$	37,500