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Product Revenue, Net
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Product Revenue, Net

3. PRODUCT REVENUE, NET

 

To date, the Company’s only source of product revenue has been from the sales of RELYVRIO, known as ALBRIOZA in Canada, which it began shipping to Customers in Canada and the U.S. in July 2022 and October 2022, respectively. Significant judgment is required in estimating GTN adjustments considering historical experience, payer channel mix, current contract prices, unbilled claims, processing time lags, inventory levels in the distribution channel and estimated product returns. The following table reconciles gross product revenue to net product revenue:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Product revenue, gross

 

$

27,104

 

 

$

—

 

GTN adjustments

 

 

(4,874

)

 

 

—

 

Product revenue, net

 

$

22,230

 

 

$

—