Annual report [Section 13 and 15(d), not S-K Item 405]

LICENSES ACQUIRED (Details)

v3.26.1
LICENSES ACQUIRED (Details)
$ in Thousands, ¥ in Billions
1 Months Ended 12 Months Ended
Nov. 11, 2024
USD ($)
Aug. 31, 2023
USD ($)
Aug. 31, 2023
JPY (¥)
Jun. 29, 2021
USD ($)
Aug. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Jan. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Jul. 31, 2020
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Assets and Licenses Acquired                        
Total other revenues                     $ 619 $ 1,000
Amzeeq                        
Assets and Licenses Acquired                        
Percentage of license               4.00%        
Zilxi                        
Assets and Licenses Acquired                        
Percentage of license               1.50%        
Emrosi Agreement                        
Assets and Licenses Acquired                        
Total Upfront payment       $ 10,000                
Upfront payment upon execution             $ 3,000          
Remaining upfront payment           $ 15,000            
Transformation of ownership and all assets of milestone payments       15,000                
Threshold additional contingent regulatory and commercial milestone payments payable       $ 150,000                
Percentage of reduction in royalty upon launching of competitor products       50.00%                
Emrosi Agreement | Minimum                        
Assets and Licenses Acquired                        
Percentage of royalties payable on net sales       10.00%                
Emrosi Agreement | Maximum                        
Assets and Licenses Acquired                        
Percentage of royalties payable on net sales       14.00%                
Asset purchase agreement | Qbrexza                        
Assets and Licenses Acquired                        
Age of patients                 9 years      
Asset purchase agreement | Royalty payment percentage for first two years | Qbrexza                        
Assets and Licenses Acquired                        
Period of royalty payments                 2 years      
Asset purchase agreement | Minimum | Royalty payment percentage for first two years | Qbrexza                        
Assets and Licenses Acquired                        
Percent of royalty payments                 30.00%      
Asset purchase agreement | Minimum | Royalty payment percentage for eight years thereafter | Qbrexza                        
Assets and Licenses Acquired                        
Percent of royalty payments                 12.00%      
Asset purchase agreement | Maximum | Royalty payment percentage for first two years | Qbrexza                        
Assets and Licenses Acquired                        
Percent of royalty payments                 40.00%      
Asset purchase agreement | Maximum | Royalty payment percentage for eight years thereafter | Qbrexza                        
Assets and Licenses Acquired                        
Percent of royalty payments                 19.00%      
Asset purchase agreement | Eli Lilly and Company | Qbrexza                        
Assets and Licenses Acquired                        
Upfront fees                 $ 12,500      
Milestone payments payable                 $ 144,000      
License and supply agreement With DRL | Accutane                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement                   $ 5,000    
Contingent amount payable                   $ 17,000    
Term of accutane                   10 years    
Termination accutane agreement period                   180 days    
New License Agreement                        
Assets and Licenses Acquired                        
Total Upfront payment   $ 19,000                    
Amount of obligation payment terminated   10,000                    
Remaining obligation payments   $ 45,000                    
New License Agreement | Net sales of at least ¥4 billion (yen)                        
Assets and Licenses Acquired                        
Net sales | ¥     ¥ 4                  
Cutia License Agreement                        
Assets and Licenses Acquired                        
Total other revenues                       $ 1,000
Cutia License Agreement | Amzeeq                        
Assets and Licenses Acquired                        
Milestone payment $ 1,000                      
Total other revenues $ 1,000       $ 600              
VYNE APA                        
Assets and Licenses Acquired                        
Total Upfront payment               $ 450,000        
Upfront payment upon execution               5,000        
Upfront fees               20,000        
VYNE APA | Amzeeq | First year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               10,000        
Net sales               100,000        
VYNE APA | Amzeeq | Second year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               20,000        
Net sales               200,000        
VYNE APA | Amzeeq | Third year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               30,000        
Net sales               300,000        
VYNE APA | Amzeeq | Fourth year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               40,000        
Net sales               400,000        
VYNE APA | Amzeeq | Fifth year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               50,000        
Net sales               500,000        
VYNE APA | Zilxi | First year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               10,000        
Net sales               100,000        
VYNE APA | Zilxi | Second year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               20,000        
Net sales               200,000        
VYNE APA | Zilxi | Third year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               30,000        
Net sales               300,000        
VYNE APA | Zilxi | Fourth year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               40,000        
Net sales               400,000        
VYNE APA | Zilxi | Fifth year anniversary                        
Assets and Licenses Acquired                        
Amount of expense paid under the agreement               50,000        
Net sales               $ 500,000