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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenues [Abstract] |
Revenues | During the three and six months ended June 30, 2025 and 2024, our revenues consisted of the following (in thousands):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
|  | 2025 |  |  |  | 2024 |  |  |  | 2025 |  |  |  | 2024 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRYNGOLZA sales, net | $ | 19,273 |  |  | $ | - |  |  | $ | 25,561 |  |  | $ | - |
Total product sales, net |  | 19,273 |  |  |  | - |  |  |  | 25,561 |  |  |  | - |
Royalty revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SPINRAZA royalties |  | 54,337 |  |  |  | 56,743 |  |  |  | 102,347 |  |  |  | 95,198 |
WAINUA royalties |  | 10,415 |  |  |  | 3,781 |  |  |  | 19,787 |  |  |  | 4,907 |
Other royalties |  | 5,200 |  |  |  | 3,320 |  |  |  | 11,983 |  |  |  | 13,124 |
Total royalty revenue |  | 69,952 |  |  |  | 63,844 |  |  |  | 134,117 |  |  |  | 113,229 |
Other commercial revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TEGSEDI and WAYLIVRA revenue, net |  | 13,531 |  |  |  | 8,192 |  |  |  | 19,246 |  |  |  | 16,820 |
Other revenue |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,580 |
Total other commercial revenue |  | 13,531 |  |  |  | 8,192 |  |  |  | 19,246 |  |  |  | 18,400 |
Total commercial revenue |  | 102,756 |  |  |  | 72,036 |  |  |  | 178,924 |  |  |  | 131,629 |
Research and development revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collaborative agreement revenue |  | 336,921 |  |  |  | 141,524 |  |  |  | 381,951 |  |  |  | 190,870 |
WAINUA joint development revenue |  | 12,372 |  |  |  | 11,690 |  |  |  | 22,785 |  |  |  | 22,249 |
Total research and development revenue |  | 349,293 |  |  |  | 153,214 |  |  |  | 404,736 |  |  |  | 213,119 |
Total revenue | $ | 452,049 |  |  | $ | 225,250 |  |  | $ | 583,660 |  |  | $ | 344,748 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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