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Certain Balance Sheet Items (Tables)

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of accounts receivable

Accounts receivable, net and contract assets consisted of the following (in thousands):

						June 30, 2024						December 31, 2023
Accounts receivable from product sales to partners						$	29,307					$	58,588
Accounts receivable from revenues under collaborative agreements						9,803						16,183
Accounts receivable from royalty payments						128,015						118,170
Accounts receivable from other product sales						49,909						47,060
Contract assets						4,108						956
Total accounts receivable and contract assets						221,142						240,957
Allowance for distribution fees and discounts						(6,618)						(6,747)
Total accounts receivable, net and contract assets						$	214,524					$	234,210

Schedule of inventories

Inventories, net consisted of the following (in thousands):

						June 30, 2024						December 31, 2023
Raw materials						$	27,223					$	23,646
Work-in-process						36,690						34,025
Finished goods						126,643						69,930
Total inventories, net						190,556						127,601
Less long-term portion (1)						31,244						—
Total inventories, net current						$	159,312					$	127,601

(1) Long-term portion of inventories, net represents inventory expected to remain on hand beyond one year and therefore is included in prepaid expenses and other assets in the condensed consolidated balance sheets.

Schedule of prepaid expenses and other assets

Prepaid expenses and other assets consisted of the following (in thousands):

						June 30, 2024						December 31, 2023
Prepaid manufacturing expenses						$	30,928					$	36,850
Other prepaid expenses						53,936						12,902
Other assets (1)						21,304						16,677
Total prepaid expenses and other assets						106,168						66,429
Less long-term portion (1)						(21,237)						(17,816)
Total prepaid expenses and other assets, current						$	84,931					$	48,613

(1) Excludes long-term inventories, net discussed in the table above.

Schedule of property and equipment, net

Property and equipment, net consisted of the following (in thousands):

						June 30, 2024						December 31, 2023
Research equipment						$	8,796					$	8,588
Manufacturing equipment						37,427						32,472
Computer and office equipment						9,183						9,722
Leasehold improvements						7,042						6,987
Subtotal						62,448						57,769
Accumulated depreciation and amortization						(22,239)						(19,661)
Subtotal						40,209						38,108
Right of use of assets						34,791						36,836
Total property and equipment, net						$	75,000					$	74,944

Schedule of accrued expenses

Accrued expenses consisted of the following (in thousands):

						June 30, 2024						December 31, 2023
Accrued compensation and payroll taxes						$	12,561					$	17,361
Accrued outsourced manufacturing expenses						13,523						12,361
Income taxes payable						29,265						963
Product returns and sales allowance						42,653						41,932
Other accrued expenses						19,771						33,584
Lease liability						30,664						32,197
Total accrued expenses						148,437						138,398
Less long-term portion						(30,507)						(37,720)
Total accrued expenses, current						$	117,930					$	100,678

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