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COLLABORATION INVENTORIES, NET
3 Months Ended
Mar. 31, 2025
Classes of current inventories [abstract]  
COLLABORATION INVENTORIES, NET COLLABORATION INVENTORIES, NET
March 31,
2025
December 31,
2024
US$’000US$’000
Raw materials23,176 17,454 
Work-in-process4,933 4,440 
Finished goods2,824 2,009 
Total collaboration inventories, net30,933 23,903 
The Company's reserve for inventory was $17.9 million and $21.7 million as of March 31, 2025 and December 31, 2024, respectively. The Company’s reserve for inventory was primarily related to certain batches or units of product that did not meet quality specifications, and expired materials. The inventory reserve was included in the collaboration cost of sales.