Intangible Asset

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Asset

(3) Intangible Asset

Intangible asset consists of internal-use software, website development costs and milestone payments to the former shareholders of Laxdale related to the 2004 acquisition of the rights to VASCEPA, which is the result of VASCEPA receiving marketing approval in the U.S. for the MARINE indication in 2012, the REDUCE-IT indication 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 June 30, 2024, the intangible asset has an estimated weighted-average remaining useful life of 6.6 years. The carrying value as of June 30, 2024 and December 31, 2023 is as follows:

In thousands	June 30, 2024			December 31, 2023
Technology rights	$	33,188		$	33,188
Accumulated amortization		(15,342	)		(13,884	)
Intangible asset, net	$	17,846		$	19,304