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INVENTORIES | 6 Months Ended
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Jun. 30, 2025
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES The components of inventories, net are as follows (in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
Raw materials | $ | 40,932 |  |  | $ | 50,800 |
Work-in-process | 11,080 |  |  | 27,384 |
Finished goods | 96,151 |  |  | 47,098 |
Total | $ | 148,163 |  |  | $ | 125,282 |
In July 2025, the Company announced it decommissioned its 45-liter EXPAREL batch manufacturing suite located at its Science Center Campus in San Diego, California, and reduced its workforce accordingly. As a result, the Company reserved $1.0 million of raw materials during the six months ended June 30, 2025. For more information, see Note 18, Subsequent Events.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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