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BALANCE SHEET COMPONENTS | 12 Months Ended
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Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | 9. BALANCE SHEET COMPONENTS Inventory Inventory consisted of the following:
|  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Raw materials |  | $ | 11,257 |  |  | $ | 5,757 |
Work-in-process |  |  | 15,670 |  |  |  | 25,052 |
Finished goods |  |  | 13,810 |  |  |  | 25,088 |
Total inventory |  | $ | 40,737 |  |  | $ | 55,897 |
As of December 31, 2023 and 2022, total inventory included net fair value adjustments resulting from the acquisition of La Jolla of approximately $23.0 million and $49.5 million, respectively, 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 $27.2 million and $10.0 million for the years ended December 31, 2023 and 2022. Other Accrued Liabilities Other accrued liabilities consisted of the following:
|  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Accrued contract manufacturing expenses |  | $ | 1,966 |  |  | $ | 8,382 |
Accrued clinical expenses |  |  | 591 |  |  |  | 692 |
Accrued research expenses |  |  | 185 |  |  |  | 349 |
Accrued professional services |  |  | 8,876 |  |  |  | 3,977 |
Current portion of lease liabilities |  |  | 1,207 |  |  |  | 1,316 |
Royalty obligation payable |  |  | 1,928 |  |  |  | — |
Current portion of deferred royalty obligation |  |  | — |  |  |  | 2,639 |
Accrued license fees and royalties |  |  | 1,575 |  |  |  | 943 |
Other |  |  | 3,370 |  |  |  | 2,909 |
Total other accrued liabilities |  | $ | 19,698 |  |  | $ | 21,207 |
Other Long-Term Liabilities Other long-term liabilities consisted of the following:
|  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Long-term portion of deferred royalty obligation |  | $ | 69,876 |  |  | $ | 67,947 |
Long-term portion of lease liabilities |  |  | 1,635 |  |  | $ | 2,376 |
Contingent value rights liability |  |  | 359 |  |  |  | 595 |
Total other long-term liabilities |  | $ | 71,870 |  |  | $ | 70,918 |

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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 -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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