DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Future Minimum Payments Under Term Loan Facility

The following table presents future minimum payments, including interest and the end of term charge, under the Term Loan as of December 31, 2024 (in thousands):

2024	$	2,186
2025		13,081
2026		13,081
2027		13,081
2028		13,116
Thereafter		135,930
Total		190,475
Less: amount representing interest		(65,474	)
Less: unamortized debt discount and issuance costs		(6,525	)
Noncurrent portion of debt	$	118,476

Schedule of Activity Within Liability Related to Sale of Future Royalties

The following table shows the activity within the liability related to sale of future royalties during the year ended December 31, 2024.

	Liability Related to Sale of Future Royalties
(in thousands)
Carrying value of liability related to sale of future royalties at November 1, 2024	$	121,634
Interest expense recognized		5,345
Royalty payments		(2,186	)
Carrying value of liability related to sale of future royalties at December 31, 2024	$	124,793