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Prepaid and Other Current Assets (Tables)
12 Months Ended
Dec. 31, 2023
Prepaid Expense and Other Assets, Current [Abstract]  
Summary of Prepaid Assets and Other Current Assets

Prepaid assets and other current assets consisted of the following as of December 31, 2023, and December 31, 2022 (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

Down payments for inventory

 

$

16,296

 

 

$

13,987

 

Prepaid research and development

 

 

13,931

 

 

 

15,181

 

Other prepaid expenses

 

 

8,593

 

 

 

7,182

 

Total prepaid expenses

 

$

38,820

 

 

$

36,350

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Royalties receivable

 

 

3,054

 

 

$

1,442

 

ERC credit

 

 

 

 

 

8,711

 

Receivable from collaboration agreement (1)

 

 

15,000

 

 

 

20,000

 

Deposits and other current assets

 

 

4,354

 

 

 

6,505

 

Total other current assets

 

$

22,408

 

 

$

36,658

 

(1)
In January 2024 the Company waived the remaining reimbursement payment of $15.0 million in connection with the decision to discontinue the CAD program.