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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Accumulated Amortization of Recognized Intangible Assets The carrying basis and accumulated amortization of recognized intangible assets as of December 31, 2023 and 2022 were as follows:

 

 

 

December 31, 2023

 

 

 

Useful Life

 

Gross

 

 

Accumulated

 

 

Net Carrying

 

(In thousands)

 

(Years)

 

Amount

 

 

Amortization

 

 

Amount

 

Marketed products

 

8-10

 

$

219,700

 

 

$

(25,204

)

 

$

194,496

 

In-process research and development

 

 

 

 

2,600

 

 

 

 

 

 

2,600

 

Collaboration agreement

 

10

 

 

35,400

 

 

 

(2,161

)

 

 

33,239

 

Total

 

 

 

$

257,700

 

 

$

(27,365

)

 

$

230,335

 

 

 

 

December 31, 2022

 

 

 

Useful Life

 

Gross

 

 

Accumulated

 

 

Net Carrying

 

(In thousands)

 

(Years)

 

Amount

 

 

Amortization

 

 

Amount

 

Marketed products

 

8-10

 

$

151,000

 

 

$

(5,581

)

 

$

145,419

 

In-process research and development

 

 

 

 

72,100

 

 

 

 

 

 

72,100

 

Collaboration agreement

 

 

 

 

35,400

 

 

 

 

 

 

35,400

 

Total

 

 

 

$

258,500

 

 

$

(5,581

)

 

$

252,919