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INVENTORY
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory consisted of the following:
(in thousands)June 30, 2025December 31, 2024
Raw materials$27,958 $30,792 
Work in process88,496 58,685 
Finished goods6,805 1,707 
Total$123,259 $91,184 
Reported as
Inventory$22,275 $21,173 
Inventory, non-current100,984 70,011 
Total$123,259 $91,184 
Prepaid commercial manufacturing with third-party CMOs not included in inventory was $12.7 million and $16.4 million as of June 30, 2025 and December 31, 2024, respectively. There were no prepayments expected to be converted into inventory after 12 months as of June 30, 2025 and December 31, 2024.