INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Components of Intangible Assets

The following table summarizes the components of the Company’s intangible assets for each of the periods indicated:

	As of December 31,
	2024			2023
	(in thousands)
In-licensed rights	$	32,673		$	32,673
Patents		4,858			4,889
Software licenses		302			302
Intangible assets, gross		37,833			37,864
Less: accumulated amortization		(10,946	)		(8,244	)
Intangible assets, net	$	26,887		$	29,620

Summary of Estimated Future Amortization for Intangible Assets

The following table summarizes the estimated future amortization for intangible assets:

	As of December 31, 2024
	(in thousands)
2025	$	2,648
2026		2,513
2027		2,444
2028		2,366
2029		1,957
Thereafter		14,959
Total	$	26,887