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Prepaid and Other Current Assets (Tables)
3 Months Ended
Mar. 31, 2024
Prepaid Expense and Other Assets, Current [Abstract]  
Summary of Prepaid and Other Current Assets

Prepaid and other current assets consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Down payments for inventory

 

 

13,828

 

 

 

16,296

 

Prepaid research and development

 

 

12,626

 

 

 

13,931

 

Other prepaid expenses

 

 

16,709

 

 

 

8,593

 

Total prepaid expenses

 

$

43,163

 

 

$

38,820

 

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Royalties receivable

 

$

4,499

 

 

$

3,054

 

Receivable from collaboration agreement(1)

 

 

 

 

 

15,000

 

Deposits and other current assets

 

 

7,620

 

 

 

4,354

 

Total other current assets

 

$

12,119

 

 

$

22,408

 


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