Company: MIRM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001759425-25-000054
Chunk: 358

Company: Mirum Pharmaceuticals, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 358
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173 $149 $(19)$273,303 Classified as:Cash equivalents$202,965 Short-term investments57,812 Long-term investments12,526 Total cash equivalents and investments$273,303 As of September 30, 2025, the remaining contractual maturities of available-for-sale debt securities were as follows (in thousands):Estimated Fair ValueDue within one year$94,526 One to two years2,470 Total$96,996 

During the three and nine months ended September 30, 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): 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