Company: ARWR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001628280-25-004634
Chunk: 62

Company: ARROWHEAD PHARMACEUTICALS, INC.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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$837 $(26)$578,276 Total current investments$577,465 $837 $(26)$578,276 The following table summarizes the contract maturity of the available-for-sale securities as of:   December 31, 2024September 30, 2024(in thousands)Within one year$474,459 $578,276 After one to two years24,587 — Total$499,046 $578,276 

As of December 31, 2024 and September 30, 2024, the gross unrealized losses were immaterial. The Company has determined that the available-for-sale securities that were in an unrealized loss position did not have any credit loss impairment as of December 31, 2024 and 2023. 

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NOTE 5. INTANGIBLE ASSETS

Intangible assets subject to amortization include patents and a license agreement capitalized as part of the Novartis RNAi asset acquisition in March 2015. The following table presents the components of intangible assets: Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountUseful Lives(in thousands)(in years)As of December 31, 2024Patents$21,728 $15,261 $— $6,467 14License3,129 1,459 — 1,670 21Total intangible assets, net$24,857 $16,720 $— $8,137 As of September 30, 2024Patents$21,728 $14,873 $— $6,855 14License3,129 1,422 — 1,707 21Total intangible assets, net$24,857 $16,295 $— $8,562 Intangible assets are reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three months ended December 31, 2024 and 2023.Intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Intangible assets amortization expense was $0.4 million for the three months ended December 31, 2024 and 2023. None of the intangible assets with definite useful lives are anticipated to have a residual value.The following table presents the estimated future amortization expense related to intangible assets as of December 31, 202