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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company has determined that it operates in one segment, the development and commercialization of pharmaceutical products, including controlled-release therapeutic products based on its proprietary polymer-based technology. The Company’s Chief Operating Decision Maker is the Chief Executive Officer (“CEO”). The CEO reviews profit and loss information on a consolidated basis to assess performance and make overall operating decisions as well as resource allocations. All products are included in one segment because the Company’s products have similar economic and other characteristics, including the nature of the products and production processes, type of customers, distribution methods and regulatory environment. The following table provides information about the Company’s significant expenses provided to the CEO and includes the reconciliation to income (loss) before income taxes:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Net product revenue |  | $ | 68,129 |  |  | $ | 41,504 |  |  | $ | 120,640 |  |  | $ | 68,682 |
Cost of products sold |  | 6,366 |  |  | 2,788 |  |  | 11,943 |  |  | 4,310 |
Gross profit |  | 61,763 |  |  | 38,716 |  |  | 108,697 |  |  | 64,372 |
Operating expenses: |  |  |  |  |  |  |  |
Research and development expenses |  | 4,255 |  |  | 4,051 |  |  | 8,609 |  |  | 7,119 |
General and administrative expenses |  | 18,349 |  |  | 23,104 |  |  | 35,088 |  |  | 50,249 |
Selling and marketing expenses |  | 25,221 |  |  | 19,367 |  |  | 48,126 |  |  | 36,390 |
Other segment items* |  | 5,054 |  |  | 4,935 |  |  | 10,991 |  |  | 9,390 |
Total operating expenses |  | 52,879 |  |  | 51,457 |  |  | 102,814 |  |  | 103,148 |
Operating income (loss) |  | 8,884 |  |  | (12,741) |  |  | 5,883 |  |  | (38,776) |
Investment and other (expense) income, net |  | (34) |  |  | 1,126 |  |  | 363 |  |  | 2,504 |
Interest expense |  | (2,355) |  |  | (2,716) |  |  | (4,593) |  |  | (5,308) |
Income (loss) before income taxes |  | $ | 6,495 |  |  | $ | (14,331) |  |  | $ | 1,653 |  |  | $ | (41,580) |
*For the three and six months ended June 30, 2025 and 2024, the other segment items category includes quality and regulatory expenses and medical affairs expenses.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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