v3.24.3
Sale of Future Royalties (Tables)
9 Months Ended
Sep. 30, 2024
Other Liabilities Disclosure [Abstract]  
Schedule of Royalty Transaction Activity
The following table shows the activity within the liability account for the nine months ended September 30, 2024:
(in thousands)September 30, 2024
Liability related to sale of future Jemperli royalties and milestones – balance at 12/31/2023
$278,090 
Proceeds from sale of future royalties50,000 
Issuance costs related to the sale of future royalties(103)
Amortization of issuance costs41 
Royalty and milestone payments to Sagard(39,875)
Non-cash interest expense recognized31,978 
Liability related to sale of future royalties and milestones – ending balance
$320,131 
The following table shows the activity within the liability account for the nine months ended September 30, 2024:
(in thousands)September 30, 2024
Liability related to sale of future Zejula royalties and milestones – balance at 12/31/2023
$32,717 
Amortization of issuance costs22 
Royalty and milestone payments to DRI(2,948)
Non-cash interest expense recognized642 
Liability related to sale of future royalties and milestones – ending balance
$30,433