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EQUITY SECURITIES PORTFOLIO INVESTMENT (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments
Equity securities for the periods presented were comprised of the following:
Security TypeCostGross
Unrealized
Gain
Gross
Unrealized
Loss
Fair Value
(In thousands)
December 31, 2022:
Equity securities - Life Sciences Portfolio$28,498 $14,815 $(617)$42,696 
Equity securities - other common stock34,885 (15,977)18,912 
Total$63,383 $14,819 $(16,594)$61,608 
December 31, 2021:
Equity securities - Life Sciences Portfolio$56,037 $262,811 $(1,488)$317,360 
Equity securities - other common stock43,822 2,068 (1,472)44,418 
Total$99,859 $264,879 $(2,960)$361,778 
The following unrealized and realized gains or losses from our investment in the Life Sciences Portfolio are recorded in the change in fair value of equity securities and gain or loss on sale of equity securities, respectively, in the consolidated statements of operations:
Years Ended
December 31,
20222021
(In thousands)
Change in fair value of equity securities of public
   companies
$(247,126)$188,875 
Conversion of equity securities without readily
   determinable fair value to equity securities of
   public companies
— (102,067)
Gain on sale of equity securities of public
   companies
111,717 115,172 
Net realized and unrealized (loss) gain $(135,409)$201,980