INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023			2022
	(in thousands)
In-licensed rights	$	32,673		$	8,573
Patents		4,889			5,106
Software licenses		302			302
Intangible assets, gross		37,864			13,981
Less: accumulated amortization		(8,244	)		(6,403	)
Intangible assets, net	$	29,620		$	7,578

Summary of Estimated Future Amortization for Intangible Assets

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

	As of December 31, 2023
	(in thousands)
2024	$	2,717
2025		2,660
2026		2,528
2027		2,458
2028		2,377
Thereafter		16,880
Total	$	29,620