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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Components of Intangible Assets

The following table summarizes the components of the Company’s intangible assets for each of the periods indicated:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Patents

 

$

12,382

 

 

$

11,210

 

In-licensed rights

 

 

8,573

 

 

 

8,073

 

Software licenses

 

 

299

 

 

 

1,554

 

Intangible assets, gross

 

 

21,254

 

 

 

20,837

 

Less: accumulated amortization

 

 

(7,015

)

 

 

(7,209

)

Intangible assets, net

 

$

14,239

 

 

$

13,628

 

Summary of Estimated Future Amortization for Intangible Assets

The following table summarizes the estimated future amortization for intangible assets:

 

 

 

As of
December 31, 2021

 

 

 

(in thousands)

 

2022

 

$

1,395

 

2023

 

 

1,394

 

2024

 

 

1,391

 

2025

 

 

1,330

 

2026

 

 

1,200

 

Thereafter

 

 

7,529

 

Total

 

$

14,239