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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2022
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,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

In-licensed rights

 

$

8,573

 

 

$

8,573

 

Patents

 

 

5,106

 

 

 

12,382

 

Software licenses

 

 

302

 

 

 

299

 

Intangible assets, gross

 

 

13,981

 

 

 

21,254

 

Less: accumulated amortization

 

 

(6,403

)

 

 

(7,015

)

Intangible assets, net

 

$

7,578

 

 

$

14,239

 

Summary of Estimated Future Amortization for Intangible Assets

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

 

 

 

As of
December 31, 2022

 

 

 

(in thousands)

 

2023

 

$

1,032

 

2024

 

 

1,026

 

2025

 

 

969

 

2026

 

 

837

 

2027

 

 

767

 

Thereafter

 

 

2,947

 

Total

 

$

7,578