v3.24.2.u1
DEVELOPMENT DERIVATIVE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Development Derivative Liability Activity
The following table presents the activity with respect to the development derivative liability, in thousands:
Carrying value as of December 31, 2023
$324,941 
Amount received under the Funding Agreement12,333 
Amount paid under the Funding Agreement(10,563)
Change in fair value of development derivative liability64,228 
Carrying value as of June 30, 2024
$390,939