Development Derivative Liability and Development Liability (Tables)

12 Months Ended

Dec. 31, 2021

Research And Development [Abstract]

Schedule of Development Derivative Liability

The following table presents a rollforward of the liability (in thousands):

	For the Year Ended December 31,
	2021			2020
Balance at fair market value, January 1,	$	257,868		$	134,839
Amounts received under the SFJ agreement and SFJ amendment		—			20,000
Amounts repaid under the SFJ Agreement and SFJ Amendment		(4,000	)		—
Loss recorded in loss from remeasurement of development derivative liability		97,675			103,029
Reclassification to development liability on December 15		(351,543	)		—
Balance at fair market value, December 31	$	—		$	257,868

Summary of Development Liability

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

	As of December 31,2021			Effective Interest Rate
Development liability	$	456,000			7.91	%
Less: Unamortized discount to development liability		(103,265	)
Less: Current portion of development liability, net of discount		(7,584	)
Total long term development liability		345,151