Intangible Asset

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Asset

(3) Intangible Asset

Intangible asset is a result of VASCEPA receiving marketing approval in the U.S. for the first indication in 2012, the expanded label in 2019 and marketing approval in Europe in 2021. In accordance with ASC 350, the Company evaluates the remaining useful life of the intangible asset at each reporting period to determine if any events or circumstances warrant a revision to the remaining period of amortization. As of September 30, 2022, the intangible asset has an estimated weighted-average remaining life of 8.5 years. The carrying value as of September 30, 2022 and December 31, 2021 is as follows:

In thousands	September 30, 2022			December 31, 2021
Technology rights	$	32,081		$	32,081
Accumulated amortization		(10,443	)		(8,534	)
Intangible asset, net	$	21,638		$	23,547