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Segment information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of significant expense categories by operating segment


			Three months ended September 30,						Nine months ended September 30,
		2025			2024			2025			2024
Total revenues		$	211,007		$	196,786		$	1,565,978		$	593,608
Less:
Cost of product, collaboration and license sales			12,441			3,468			28,241			13,140
Program spend			45,940			51,174			143,803			152,497
Employee costs			64,470			57,801			197,762			181,355
Manufacturing costs			11,048			14,229			45,517			44,635
Administrative costs			18,614			18,719			54,924			54,213
Occupancy costs			7,852			7,855			21,678			27,337
Milestones			—			50,000			—			65,000
Other segment items (a)			34,746			100,194			256,444			352,840
Segment net income (loss)		$	15,896		$	(106,654)		$	817,609		$	(297,409)
Reconciliation of profit or loss
Adjustments and reconciling items			—			—			—			—
Consolidated net income (loss)		$	15,896		$	(106,654)		$	817,609		$	(297,409)

(a)	Other segment items includes the following:


			Three months ended September 30,						Nine months ended September 30,
			2025			2024			2025			2024
Interest income		$	(19,089)		$	(12,821)		$	(57,325)		$	(34,255)
Interest expense			51,681			54,430			154,367			160,188
Income tax (benefit) expense			(38,970)			8,663			18,093			28,989
Depreciation			3,569			3,468			10,600			11,489
Amortization			7,534			3,036			15,393			57,431
All other (b)			30,021			43,418			115,316			128,998
Total other segment items		$	34,746		$	100,194		$	256,444		$	352,840

(b)	All other includes cost of goods sold, royalty, travel and entertainment, distribution costs, bad debt expense, finance costs, contract labor costs, stock compensation expense, change in the fair value of contingent consideration, and other expense.

Schedule of other segment items

(a)	Other segment items includes the following:


			Three months ended September 30,						Nine months ended September 30,
			2025			2024			2025			2024
Interest income		$	(19,089)		$	(12,821)		$	(57,325)		$	(34,255)
Interest expense			51,681			54,430			154,367			160,188
Income tax (benefit) expense			(38,970)			8,663			18,093			28,989
Depreciation			3,569			3,468			10,600			11,489
Amortization			7,534			3,036			15,393			57,431
All other (b)			30,021			43,418			115,316			128,998
Total other segment items		$	34,746		$	100,194		$	256,444		$	352,840

(b)	All other includes cost of goods sold, royalty, travel and entertainment, distribution costs, bad debt expense, finance costs, contract labor costs, stock compensation expense, change in the fair value of contingent consideration, and other expense.