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Prepaid and Other Current Assets (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2024 and December 31, 2023 (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Down payments for inventory

 

$

8,251

 

 

$

16,296

 

Prepaid research and development

 

 

6,582

 

 

 

13,931

 

Other prepaid expenses

 

 

8,976

 

 

 

8,593

 

Total prepaid assets

 

$

23,809

 

 

$

38,820

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Royalties receivable

 

$

4,958

 

 

$

3,054

 

Receivable from collaboration agreement (1)

 

 

 

 

 

15,000

 

Deposits and other current assets

 

 

6,824

 

 

 

4,354

 

Total other current assets

 

$

11,782

 

 

$

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.