PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2025

Property and equipment and related accumulated depreciation are summarized as follows:


		June 30, 2025			December 31, 2024
	(In thousands)
Manufacturing and laboratory equipment	$	27,348		$	21,305
Office equipment and computer software		6,414			5,772
Furniture and fixtures		6,205			5,840
Construction in process		4,096			8,149
Leasehold improvements		21,138			21,066
Land		4,339			4,339
Buildings and building improvements		25,483			21,788
		95,023			88,259
Less: Accumulated depreciation		(37,522	)		(33,552	)
Total property and equipment, net	$	57,501		$	54,707

The Company recorded depreciation expense on property and equipment for the three and six months ended June 30, 2025 of $2.0 million and $4.0 million, respectively, and $1.9 million and $3.8 million for the three and six months ended June 30, 2024, respectively.