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INTANGIBLE ASSETS (Table)
12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Patents

 

$

8,902

 

 

$

7,227

 

In-licensed rights

 

 

8,073

 

 

 

7,573

 

Software licenses

 

 

1,029

 

 

 

626

 

Intangible assets, gross

 

 

18,004

 

 

 

15,426

 

Less: accumulated amortization

 

 

(5,507

)

 

 

(3,852

)

Intangible assets, net

 

$

12,497

 

 

$

11,574

 

 

Summary of Estimated Future Amortization for Intangible Assets

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

 

 

 

As of

December 31, 2019

(in thousands)

 

2020

 

$

1,358

 

2021

 

 

1,168

 

2022

 

 

1,156

 

2023

 

 

1,156

 

2024

 

 

1,149

 

Thereafter

 

 

6,510

 

Total

 

$

12,497