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INVENTORIES
6 Months Ended
Jun. 30, 2026
INVENTORIES [Abstract]  
INVENTORIES
3.
INVENTORIES
 
The following table provides the components of inventories:
 
         
     June 30,
2026
     December 31,
2025
 
(In thousands)
         
Raw materials
 $94,298   $96,612 
Work-in-process
  76,441    57,798 
Finished goods
  68,574    52,055 
Total inventories, net
 $239,313   $206,465 
 
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 goods 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.