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Royalty Monetizations (Tables)
3 Months Ended
Mar. 31, 2023
Advance Royalties [Abstract]  
Schedule of Royalty Financing Obligations
The following table shows the activity within the Royalty financing obligations account (in thousands) as well as the effective interest rate as of March 31, 2023:
2020 RPI
Royalty
Agreement
2021 RPI
Royalty
Agreement
OMERS
Royalty
Agreement
Total
Balance as of December 31, 2022$164,981 $173,651 $163,023 $501,655 
Deferred financing costs— — — — 
Non-cash Interest expense on Royalty financing obligations9,309 5,680 4,329 19,318 
Royalty revenues paid and payable(6,038)(524)— (6,562)
Balance as of March 31, 2023$168,252 $178,807 $167,352 $514,411 
Effective interest rate22.4 %13.1 %10.6 %