Company: MIRM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001759425-25-000032
Chunk: 346

Company: Mirum Pharmaceuticals, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 346
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Total$86,764 

During the three months ended March 31, 2025 and 2024, there have been no significant realized gains or losses on available-for-sale investments, no investments have been in a continuous unrealized loss position for more than 12 months, and the Company did not recognize any material unrealized gains or losses on these securities. 

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5. Balance Sheet Components

InventoryInventory consists of the following (in thousands): March 31,2025December 31,2024Raw materials$3,026 $3,030 Work in progress15,817 16,089 Finished goods3,575 3,284 Total inventory$22,418 $22,403 Intangible Assets, NetThe components of the Company’s intangible assets were as follows (in thousands, except for weighted-average remaining amortization period): March 31, 2025 Gross Carrying ValueAccumulated Amortization Net Carrying AmountWeighted-Average Remaining Amortization Period (Years)Commercial milestones$59,000 $(8,235)$50,765 12.3Developed technology226,620 (33,998)192,622 10.4Assembled workforce970 (512)458 1.4Total intangible assets$286,590 $(42,745)$243,845 10.8 December 31, 2024 Gross Carrying ValueAccumulated Amortization Net Carrying AmountWeighted-Average Remaining Amortization Period (Years)Commercial milestones$59,000 $(7,092)$51,908 12.6Developed technology226,620 (29,248)197,372 10.7Assembled workforce970 (431)539 1.7Total intangible assets$286,590 $(36,771)$249,819 11.1Amortization expense was $6.0 million and $5.5 million for the three months ended March 31, 2025 and 2024, respectively. Amortization expense was included in cost of sales in the accompanying unaudited condensed consolidated statements of operations. The following table summarizes the estimated future amortization expense associated with the Company’s intangible assets as of March 31, 2025 (in thousands): Amount2025 (remaining nine months)17,924 202623,791 202723,575 202823,575