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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible Assets, Net consisted of the following:
December 31,
20232022
Finite-lived intangible assets$710,011 $690,871 
Accumulated amortization(415,310)(352,302)
Net carrying value$294,701 $338,569 
Schedule of Carrying Value and Estimated Remaining Life of Finite-Lived Intangible Assets
The following table summarizes the carrying value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2023:
Net BalanceAverage Remaining Life
Acquired intellectual property$185,344 4.4 years
Technology transfer
89,221 
4.4 years(1)
License payments (2)
20,136 9.8 years
Total$294,701 
(1)Certain technology transfer assets have not yet been placed into service. The average remaining life presented is only for those placed into service.
(2)License payments include finite-lived intangible assets due to the Company's achievement in 2023 of first commercial sale milestones related to ROCTAVIAN.
Schedule of Estimated Future Amortization Expense
As of December 31, 2023, the estimated future amortization expense associated with the Company’s finite-lived intangible assets that have been placed into service, was as follows:
Fiscal YearAmount
2024$58,200 
202538,924 
202638,924 
202738,924 
202823,174 
Thereafter7,293 
$205,439