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INVENTORIES
12 Months Ended
Dec. 31, 2024
INVENTORIES [Abstract]  
INVENTORIES

3.

INVENTORIES

 

The following table provides the components of inventories:


 

 

December 31,
2024

   

December 31,
2023

 
    (In thousands)
 

Raw materials

  $ 60,473     $ 52,999  

Work-in-process

    61,641       49,621  

Finished goods

    48,121       70,286  

Total inventories

  $ 170,235     $ 172,906  


Raw materials includes plasma and other materials expected to be used in the production of ASCENIV, BIVIGAM and Nabi-HB. These materials will be consumed in the production of products expected to be available for sale or otherwise have alternative uses that provide a probable future benefit.


Work-in-process inventory primarily consists of the Company’s IVIG products that are manufactured to the bulk drug substance and unlabeled filled vials stage of production.


Finished goods inventory is comprised of the Company’s immunoglobulin products that have reached the filled, labeled and serialized vial stage of production and related intermediates that are available for commercial sale, as well as plasma collected at the Company’s plasma collection centers which is expected to be sold to third-party customers.