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Balance Sheet Components (Tables) | 3 Months Ended
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Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Schedule of Inventory | Inventory consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Raw materials |  | $ | 10,619 |  |  | $ | 11,113 |
Work-in-process |  |  | 27,425 |  |  |  | 20,529 |
Finished goods |  |  | 3,435 |  |  |  | 2,083 |
Total inventory |  | $ | 41,479 |  |  | $ | 33,725 |
Schedule of Other Accrued Liabilities | Other accrued liabilities consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Accrued contract manufacturing expenses |  | $ | 1,294 |  |  | $ | 1,071 |
Accrued clinical and research expenses |  |  | 326 |  |  |  | 611 |
Accrued professional services |  |  | 4,291 |  |  |  | 8,682 |
Current portion of lease liabilities |  |  | 1,280 |  |  |  | 1,572 |
Royalty obligation payable |  |  | 3,336 |  |  |  | 2,951 |
Current portion of deferred royalty obligations |  |  | 6,860 |  |  |  | 6,438 |
Accrued license fees and royalties |  |  | 1,483 |  |  |  | 1,727 |
Other(1) |  |  | 11,794 |  |  |  | 6,947 |
Total other accrued liabilities |  | $ | 30,664 |  |  | $ | 29,999 |
(1) Amount as of March 31, 2025 and December 31, 2024 includes $8.6 million and $5.3 million advance payments received from our partner for inventory supply as discussed in Note 4, “License and Collaboration Arrangements”.
Schedule of Other Long-term Liabilities | Other long-term liabilities consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Long-term portion of deferred royalty obligation |  | $ | 60,918 |  |  | $ | 63,096 |
Long-term portion of lease liabilities |  |  | 1,091 |  |  |  | 1,179 |
Total other long-term liabilities |  | $ | 62,009 |  |  | $ | 64,275 |

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