v3.25.0.1
Development Liability (Tables)
 12 Months Ended
Dec. 31, 2024
Research and Development [Abstract]  
Summary of Development Liability

The following table summarizes the development liability (in thousands):

 

 

 

December 31,

 

 

 

 

 

 

2024

 

 

2023

 

 

Effective
 Interest Rate

 

 Development liability

$

—

 

 

$

366,000

 

 

 

7.91

%

 Less: Unamortized discount to development liability

 

—

 

 

 

(50,353

)

 

 

 

 Less: Current portion of development liability, net of discount

 

 

—

 

 

 

(75,830

)

 

 

 

 Total long term development liability

$

—

 

 

$

239,817