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Certain Balance Sheet Items (Tables) | 3 Months Ended
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Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Schedule of Accounts Receivable, Net and Contract Assets | Accounts receivable, net and contract assets consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Product sales to partners |  | $ | 51,469 |  |  | $ | 37,599 |
Revenues under collaborative agreements |  | 18,926 |  |  | 29,452 |
Royalty payments |  | 183,583 |  |  | 164,348 |
Other product sales |  | 57,029 |  |  | 65,542 |
Contract assets |  | 596 |  |  | 20,251 |
Total accounts receivable and contract assets |  | 311,603 |  |  | 317,192 |
Allowance for distribution fees and discounts |  | (6,982) |  |  | (8,737) |
Total accounts receivable, net and contract assets |  | $ | 304,621 |  |  | $ | 308,455 |
Schedule of Inventories | Inventories consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Raw materials |  | $ | 18,420 |  |  | $ | 24,015 |
Work-in-process |  | 36,652 |  |  | 30,169 |
Finished goods |  | 143,237 |  |  | 142,944 |
Total inventories |  | 198,309 |  |  | 197,128 |
Less long-term portion (1) |  | (33,441) |  |  | (55,268) |
Total inventories, current |  | $ | 164,868 |  |  | $ | 141,860 |
(1) Long-term portion of inventories 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):
|  | March 31, 2025 |  | December 31, 2024
Prepaid manufacturing expenses |  | $ | 41,989 |  |  | $ | 36,317 |
Other prepaid expenses |  | 10,067 |  |  | 10,562 |
Long-term inventories |  | 33,441 |  |  | 55,268 |
Other assets |  | 14,729 |  |  | 17,400 |
Total prepaid expenses and other assets |  | 100,226 |  |  | 119,547 |
Less long-term portion |  | (55,609) |  |  | (80,596) |
Total prepaid expenses and other assets, current |  | $ | 44,617 |  |  | $ | 38,951 |
Schedule of Property and Equipment | Property and equipment, net consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Research equipment |  | $ | 9,936 |  |  | $ | 9,811 |
Manufacturing equipment |  | 40,495 |  |  | 39,760 |
Computer and office equipment |  | 9,817 |  |  | 9,710 |
Leasehold improvements |  | 7,203 |  |  | 7,012 |
Subtotal |  | 67,451 |  |  | 66,293 |
Accumulated depreciation and amortization |  | (27,229) |  |  | (25,429) |
Subtotal |  | 40,222 |  |  | 40,864 |
Right of use of assets |  | 32,594 |  |  | 34,171 |
Total property and equipment, net |  | $ | 72,816 |  |  | $ | 75,035 |
Schedule of Accrued Expenses | Accrued expenses consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Accrued compensation and payroll taxes |  | $ | 10,342 |  |  | $ | 24,400 |
Accrued outsourced manufacturing expenses |  | 7,465 |  |  | 16,682 |
Taxes payable |  | 57,964 |  |  | 30,995 |
Product returns and sales allowance |  | 52,944 |  |  | 54,588 |
Other accrued expenses |  | 28,637 |  |  | 26,239 |
Lease liability |  | 29,389 |  |  | 30,705 |
Total accrued expenses |  | 186,741 |  |  | 183,609 |
Less long-term portion |  | (56,436) |  |  | (54,758) |
Total accrued expenses, current |  | $ | 130,305 |  |  | $ | 128,851 |

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