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Revenues (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenues [Abstract] |
Revenues | During the three and nine months ended September 30, 2025 and 2024, our revenues consisted of the following (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
|  | 2025 |  |  |  | 2024 |  |  |  | 2025 |  |  |  | 2024 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRYNGOLZA sales, net | $ | 31,792 |  |  | $ | - |  |  | $ | 57,353 |  |  | $ | - |
Total product sales, net |  | 31,792 |  |  |  | - |  |  |  | 57,353 |  |  |  | - |
Royalty revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SPINRAZA royalties |  | 55,896 |  |  |  | 57,208 |  |  |  | 158,243 |  |  |  | 152,406 |
WAINUA royalties |  | 13,320 |  |  |  | 5,371 |  |  |  | 33,107 |  |  |  | 10,278 |
Other royalties |  | 6,478 |  |  |  | 4,228 |  |  |  | 18,461 |  |  |  | 17,352 |
Total royalty revenue |  | 75,694 |  |  |  | 66,807 |  |  |  | 209,811 |  |  |  | 180,036 |
Other commercial revenue |  | 8,112 |  |  |  | 8,924 |  |  |  | 27,359 |  |  |  | 27,324 |
Total commercial revenue |  | 115,598 |  |  |  | 75,731 |  |  |  | 294,523 |  |  |  | 207,360 |
Research and development revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collaborative agreement revenue |  | 31,436 |  |  |  | 44,883 |  |  |  | 413,387 |  |  |  | 235,753 |
WAINUA joint development revenue |  | 9,685 |  |  |  | 13,200 |  |  |  | 32,471 |  |  |  | 35,449 |
Total research and development revenue |  | 41,121 |  |  |  | 58,083 |  |  |  | 445,858 |  |  |  | 271,202 |
Total revenue | $ | 156,719 |  |  | $ | 133,814 |  |  | $ | 740,381 |  |  | $ | 478,562 |

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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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