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Balance Sheet Components | 9 Months Ended
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Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | 8. Balance Sheet Components Inventory Inventory consisted of the following:
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Raw materials |  | $ | 9,525 |  |  | $ | 11,257 |
Work-in-process |  |  | 20,400 |  |  |  | 15,670 |
Finished goods |  |  | 4,311 |  |  |  | 13,810 |
Total inventory |  | $ | 34,236 |  |  | $ | 40,737 |
As of September 30, 2024 and December 31, 2023, total inventory included net fair value adjustments resulting from the acquisition of La Jolla of approximately $10.9 million and $23.0 million, respectively, which will be amortized and 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 $1.8 million and $12.1 million, respectively, for the three and nine months ended September 30, 2024. The fair value adjustments recorded as part of cost of products sold amounted to $5.4 million and $19.2 million for the three and nine months ended September 30, 2023, respectively. Other Accrued Liabilities Other accrued liabilities consisted of the following:
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Accrued contract manufacturing expenses |  | $ | 1,786 |  |  | $ | 1,966 |
Accrued clinical and research expenses |  |  | 651 |  |  |  | 776 |
Accrued professional services |  |  | 7,019 |  |  |  | 8,876 |
Current portion of lease liabilities |  |  | 1,511 |  |  |  | 1,207 |
Current portion of deferred royalty obligations |  |  | 1,189 |  |  |  | — |
Royalty obligation payable |  |  | 2,522 |  |  |  | 1,928 |
Accrued license fees and royalties |  |  | 1,843 |  |  |  | 1,575 |
Other |  |  | 1,078 |  |  |  | 3,370 |
Total other accrued liabilities |  | $ | 17,599 |  |  | $ | 19,698 |
Other Long-term Liabilities Other long-term liabilities consisted of the following:
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Long-term portion of deferred royalty obligation |  | $ | 69,864 |  |  | $ | 69,876 |
Long-term portion of lease liabilities |  |  | 1,585 |  |  |  | 1,635 |
Contingent value rights liability |  |  | — |  |  |  | 359 |
Total other long-term liabilities |  | $ | 71,449 |  |  | $ | 71,870 |

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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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