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Inventory
12 Months Ended
Dec. 31, 2014
Inventory

(4)    Inventory

After approval of Vascepa on July 26, 2012 by the FDA, the Company began capitalizing its purchases of saleable inventory of Vascepa from suppliers that have been qualified by the FDA. Inventories consist of the following (in thousands):

 

     December 31, 2014      December 31, 2013  

Raw materials, current

   $ 5,225       $ 4,246   

Work in process

     4,757         11,310   

Finished goods

     3,751         5,026   

Finished goods inventory held by others

     —          627   
  

 

 

    

 

 

 

Total inventory, current

     13,733         21,209   
  

 

 

    

 

 

 

Raw materials, long-term

     —          5,482   
  

 

 

    

 

 

 

Total inventory

   $ 13,733       $ 26,691   
  

 

 

    

 

 

 

During the years ended December 31, 2014 and 2013, the Company wrote off zero and $1.8 million, respectively, of inventories deemed to be unrecoverable. In addition, as of December 31, 2014 and 2013, zero and $5.5 million, respectively, of raw material inventory was reclassified to long-term inventory, as it was not anticipated to be sold within the next twelve months based on current estimates.