Company: MIRM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001759425-25-000054
Chunk: 402

Company: Mirum Pharmaceuticals, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 402
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-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): September 30,2025December 31,2024Raw materials$2,869 $3,030 Work in progress18,305 16,089 Finished goods2,847 3,284 Total inventory$24,021 $22,403 Intangible Assets, NetThe components of the Company’s intangible assets were as follows (in thousands, except for weighted-average remaining amortization period): September 30, 2025 Gross Carrying ValueAccumulated Amortization Net Carrying AmountWeighted-Average Remaining Amortization Period (Years)Commercial milestones$59,000 $(10,518)$48,482 11.9Developed technology226,620 (43,503)183,117 10.0Assembled workforce970 (674)296 0.9Total intangible assets$286,590 $(54,695)$231,895 10.4 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 $17.9 million for the three and nine months ended September 30, 2025, respectively, and $5.9 million and $17.1 million for the three and nine months ended September 30, 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 September 30, 2025 (in thousands): Amount2025 (remaining three months)5,974 202623,791 202723,575 202823,575 202923,575 Thereafter131