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STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2026

STOCKHOLDERS’ EQUITY [Abstract]

Schedule Common Stock Repurchase

The following table summarizes the common stock repurchase activity under the Repurchase Program:

			Three Months Ended June 30,								Six Months Ended June 30,
			2026				2025				2026				2025
(In thousands)
Shares repurchased			7,062				816				13,816				816
Total cost of shares repurchased		$	45,282			$	15,148			$	156,362			$	15,148

Schedule of Assumptions

The following assumptions were used to determine the fair value of options granted during the six months ended June 30, 2026 and 2025:

			Six Month Ended June 30,
			2026				2025
Expected term			5.5 - 6.3 years				5.5 - 6.3 years
Volatility			68	%			66	%
Dividend yield			0.0				0.0
Risk-free interest rate			3.80 - 3.87	%			4.40	%

Schedule of Option Activity

The following table summarizes information about the Company’s stock options under the Company’s equity incentive plans and related information:

			Shares				Weighted- Average Exercise Price
Options outstanding, vested and expected to vest at December 31, 2025			4,682,783			$	6.13
Forfeited			(117,629	)		$	14.85
Expired			-			$	-
Granted			695,321			$	16.37
Exercised			(209,290	)		$	3.25
Options outstanding, vested and expected to vest at June 30, 2026			5,051,185			$	7.46
Options exercisable			3,250,165			$	4.97

Schedule of Unvested RSU Activity

A summary of the Company’s RSU activity and related information is as follows:

			Shares				Weighted- Average Grant Date Fair Value
Balance at December 31, 2025			5,144,503			$	9.31
Granted			1,297,884			$	15.66
Vested			(1,694,229	)		$	7.22
Forfeited			(206,487	)		$	12.09
Balance at June 30, 2026			4,541,671			$	11.77

Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense for all awards granted under the Company’s equity incentive plans for the three and six months ended June 30, 2026 and 2025 was as follows:

			Three Months Ended June 30,								Six Months Ended June 30,
(in thousands)			2026				2025				2026				2025
Research and development		$	75			$	51			$	141			$	90
Plasma center operating expenses			143				101				266				178
Selling, general and administrative			4,837				3,955				9,987				7,828
Cost of product revenue			1,080				856				2,070				1,491
Total stock-based compensation expense		$	6,135			$	4,963			$	12,464			$	9,587

X

- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

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-Section 25
-Paragraph 5
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