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BALANCE SHEET COMPONENTS | 12 Months Ended
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Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | 9. BALANCE SHEET COMPONENTS Inventory Inventory consisted of the following:
(In thousands) |  | December 31, 2022 |
Raw materials |  | $ | 5,757 |
Work-in-process |  |  | 25,052 |
Finished goods |  |  | 25,088 |
Total inventory |  | $ | 55,897 |
As of December 31, 2022, total inventory included net fair value adjustments resulting from the acquisition of La Jolla of approximately $49.5 million, which will be recognized as cost of products sold when sales occur in future periods. The fair value adjustments recorded as part of cost of products sold amounted to $10.0 million for the year ended December 31, 2022. There was no inventory as of December 31, 2021. Other Accrued Liabilities Other accrued liabilities consisted of the following:
|  | December 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Accrued contract manufacturing expenses |  | $ | 8,382 |  |  | $ | — |
Accrued clinical expenses |  |  | 692 |  |  |  | — |
Accrued research expenses |  |  | 349 |  |  |  | — |
Accrued professional services |  |  | 3,977 |  |  |  | 894 |
Current portion of lease liabilities |  |  | 1,316 |  |  |  | 106 |
Current portion of deferred royalty obligation |  |  | 2,639 |  |  |  | — |
Accrued license fees and royalties |  |  | 943 |  |  |  | — |
Other |  |  | 2,909 |  |  |  | 9 |
Total other accrued liabilities |  | $ | 21,207 |  |  | $ | 1,009 |
Other Long-Term Liabilities Other long-term liabilities consisted of the following:
(In thousands) |  | December 31, 2022 |
Long-term portion of deferred royalty obligation |  | $ | 67,947 |
Long-term portion of lease liabilities |  |  | 2,376 |
Contingent value rights liability |  |  | 595 |
Total other long-term liabilities |  | $ | 70,918 |
There were no other long-term liabilities as of December 31, 2021.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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