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Product Revenues, Accounts Receivable, and Reserves for Product Sales (Tables)
12 Months Ended
Dec. 31, 2023
Product Revenues Accounts Receivable And Reserves For Product Sales [Abstract]  
Schedule of Disaggregation of Product Revenue by Major Source

The table reflects product revenue by major source for the following periods (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Products:

 

 

 

 

 

 

 

 

 

 EMPAVELI

 

$

91,033

 

 

$

65,092

 

 

$

15,147

 

 SYFOVRE

 

 

275,248

 

 

 

 

 

 

 

 Total product revenue, net

 

$

366,281

 

 

$

65,092

 

 

$

15,147

 

Summary of Product Revenue Allowance and Reserve Categories

The following table summarizes activity in each of the product revenue allowance and reserve categories as of December 31, 2023 (in thousands):

 

 

 

Chargebacks, Discounts, and Fees

 

 

Government and other rebates

 

 

Returns

 

 

Total

 

 Ending balance at December 31, 2021

 

$

67

 

 

$

716

 

 

$

167

 

 

$

951

 

 Provision related to sales in the current year

 

 

614

 

 

 

4,569

 

 

 

1,185

 

 

 

6,368

 

Adjustments related to prior period sales

 

 

(156

)

 

 

(246

)

 

 

(385

)

 

 

(787

)

 Credits and payments made

 

 

(362

)

 

 

(3,103

)

 

 

(716

)

 

 

(4,181

)

 Ending balance at December 31, 2022

 

$

164

 

 

$

1,936

 

 

$

251

 

 

$

2,351

 

 Provision related to sales in the current year

 

 

17,690

 

 

 

26,661

 

 

 

4,698

 

 

 

49,050

 

Adjustments related to prior period sales

 

 

(112

)

 

 

(1,223

)

 

 

(2,481

)

 

 

(3,817

)

 Credits and payments made

 

 

(12,068

)

 

 

(18,476

)

 

 

(415

)

 

 

(30,960

)

 Ending balance at December 31, 2023

 

$

5,674

 

 

$

8,898

 

 

$

2,053

 

 

$

16,625

 

Schedule of Customer Accounted for 10% of More of Gross Product Revenues and Accounts Receivable

Significant customers - Gross product revenues and product sales receivable from the Company's customers who individually accounted for 10% of more of total gross product revenues and/or 10% or more of total product sales receivable consisted of the following:

 

 

 

Percent of Total Gross Product Revenues

 

 

 

Year Ended December 31,

 

 

 

2023

 

2022

 

 

2021

 

 Customer A

 

24%

 

99%

 

 

99%

 

 Customer C

 

16%

 

 

 

 

 

 

 Customer D

 

54%

 

1%

 

 

 

 

 

 

 

Percent of Product Sales Receivable

 

 

 

As of December 31,

 

 

 

2023

 

2022

 

 Customer A

 

4%

 

96%

 

 Customer C

 

22%

 

3%

 

 Customer D

 

66%