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Inventories | 6 Months Ended
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Jun. 30, 2025
Inventory Disclosure [Abstract] |
Inventories | 4. Inventories The Company began to capitalize the inventory costs associated with neffy upon FDA approval in August 2024 when future commercialization was considered probable, and it was determined that the inventory had a probable future economic benefit. These inventory costs consist primarily of purchased materials, third-party manufacturing costs, and packaging and serialization services. Noncurrent inventory consists of inventory anticipated to remain on hand for more than one year from the balance sheet date. Capitalized inventories consisted of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Raw materials |  | $ | 17,784 |  |  | $ | 4,674 |
Work in process |  |  | — |  |  |  | 19 |
Finished goods |  |  | 6,488 |  |  |  | 5,826 |
Inventory reserve |  |  | (2,160 | ) |  |  | — |
Total inventories, net |  | $ | 22,112 |  |  | $ | 10,519 |
Reported as: |  |  |  |  |  |
Inventories |  | $ | 8,738 |  |  | $ | 5,212 |
Long-term inventories |  |  | 13,374 |  |  |  | 5,307 |
Total inventories, net |  | $ | 22,112 |  |  | $ | 10,519 |
Prior to FDA approval in August 2024, costs incurred for the manufacturing of neffy were recorded as research and development expenses, which upon approval resulted in zero-cost inventory. The Company held $9.8 million and $11.7 million in zero-cost inventory as of June 30, 2025 and December 31, 2024, respe ctively, none of which was determined to be obsolete as of each period end. The Company expects to fully utilize its zero-cost inventory in future periods.

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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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