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Non-Current Assets
6 Months Ended
Jun. 30, 2018
NON-CURRENT ASSETS  
NON-CURRENT ASSETS

8. INTANGIBLE AND OTHER NON-CURRENT ASSETS

Intangible and other non-current assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

Cost

 

Accumulated Amortization

 

Net

 

Cost

 

Accumulated Amortization

 

Net

PANCREAZE license (1)

$

141,895

 

$

(1,183)

 

$

140,712

 

$

 —

 

$

 —

 

$

 —

Janssen patents (2)

 

3,050

 

 

(2,416)

 

 

634

 

 

3,050

 

 

(2,235)

 

 

815

Other non-current assets

 

199

 

 

 —

 

 

199

 

 

199

 

 

 —

 

 

199

Total

$

145,144

 

$

(3,599)

 

$

141,545

 

$

3,249

 

$

(2,235)

 

$

1,014

_________________

(1)

In June 2018, the Company acquired the rights to license PANCREAZE in the U.S. and Canada, as described further in Note 12. The rights are being amortized over their estimated useful life of 10 years using the straight-line method.

(2)

In September 2014, the Company acquired certain patents relating to Qsymia from Janssen Pharmaceuticals, approximately $3.1 million of which was recorded as an intangible asset. The patents are being amortized over their estimated useful life of 5.5 years using the straight-line method. 

Other non-current assets primarily consist of real estate deposits. Amortization of intangible assets was $1.3 million and $1.4 million for the three and six months ended June 30, 2018, respectively. Future expected amortization expenses for intangible assets as of June 30, 2018 are as follows (in thousands):

 

 

 

2018 (remainder)

$

7,276

2019

 

14,552

2020

 

14,280

2021

 

14,190

2022

 

14,190

Thereafter

 

76,858

Total

$

141,346