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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contracts with Customers |
Summary of product revenue provision and allowance categories | The following tables summarize activity in each of the Company’s product revenue provision and allowance categories for the nine months ended September 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ |  | Trade
​ | ​ | Rebates and | ​ | Product | ​ | Allowances and
​ | ​ | Incentives (1) | ​ | Returns (2) | ​ | Chargebacks (3)
Balance as of December 31, 2023 | ​ | $ | 149,826 | ​ | $ | 77,505 | ​ | $ | 20,917
Provision related to current period sales | ​ | ​ | 303,570 | ​ | ​ | 33,587 | ​ | ​ | 124,194
Acquired from Ironshore | ​ | ​ | 42,515 | ​ | ​ | 36,588 | ​ | ​ | 5,011
Changes in estimate related to prior period sales | ​ | ​ | (1,634) | ​ | ​ | 2,419 | ​ | ​ | (85)
Credits/payments made | ​ | ​ | (296,433) | ​ | ​ | (34,069) | ​ | ​ | (120,611)
Balance as of September 30, 2024 | ​ | $ | 197,844 | ​ | $ | 116,030 | ​ | $ | 29,426
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ |  | Trade
​ | ​ | Rebates and | ​ | Product | ​ | Allowances and
​ | ​ | Incentives (1) | ​ | Returns (2) | ​ | Chargebacks (3)
Balance as of December 31, 2022 | ​ | $ | 156,937 | ​ | $ | 73,554 | ​ | $ | 22,058
Provision related to current period sales | ​ | ​ | 325,725 | ​ | ​ | 31,904 | ​ | ​ | 112,550
Changes in estimate related to prior period sales | ​ | ​ | 2 | ​ | ​ | 3,722 | ​ | ​ | 589
Credits/payments made | ​ | ​ | (315,170) | ​ | ​ | (31,662) | ​ | ​ | (113,263)
Balance as of September 30, 2023 | ​ | $ | 167,494 | ​ | $ | 77,518 | ​ | $ | 21,934
​
| (1) | Provisions for rebates and incentives include managed care rebates, government rebates and co-pay program incentives. Provisions for rebates and incentives are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Condensed Consolidated Balance Sheets.
| (2) | Provisions for product returns are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Condensed Consolidated Balance Sheets.
| (3) | Provisions for trade allowances and chargebacks include fees for distribution service fees, prompt pay discounts, and chargebacks. Trade allowances and chargebacks are deducted from gross revenue at the time revenues are recognized and are recorded as a reduction to accounts receivable in the Company’s Condensed Consolidated Balance Sheets.
Schedule of disaggregation of revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
Belbuca | $ | 53,197 | ​ | $ | 45,447 | ​ | $ | 156,058 | ​ | $ | 132,795
Xtampza ER | ​ | 49,492 |  | ​ | 39,800 | ​ | ​ | 139,876 | ​ | ​ | 128,914
Nucynta IR | ​ | 25,361 | ​ | ​ | 24,906 | ​ | ​ | 76,524 | ​ | ​ | 80,963
Nucynta ER | ​ | 19,773 | ​ | ​ | 22,634 | ​ | ​ | 58,231 | ​ | ​ | 62,941
Jornay PM | ​ | 7,961 | ​ | ​ | — | ​ | ​ | 7,961 | ​ | ​ | —
Symproic | ​ | 3,517 | ​ | ​ | 3,922 | ​ | ​ | 10,850 | ​ | ​ | 11,409
Total product revenues, net | $ | 159,301 | ​ | $ | 136,709 | ​ | $ | 449,500 | ​ | $ | 417,022

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