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INVENTORY
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory consisted of the following (in thousands):
 December 31,
 20232022
Raw materials$2,691 $— 
Work-in-process3,406 — 
Finished goods— — 
Total inventory$6,097 $— 
The Company’s capitalized inventory consists of costs incurred subsequent to FDA approval of REZZAYO in March 2023. Prior to regulatory approval, all direct and indirect manufacturing costs were charged to research and development expense in the period incurred. There were no inventory write downs during the year ended December 31, 2023.