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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Summary of Impact of Accounts Receivable Reserves on Gross Trade Accounts Receivable Balances

The following table summarizes the impact of accounts receivable reserves on the gross trade accounts receivable balances at December 31, 2024 and 2023:

In thousands		December 31, 2024				December 31, 2023
Gross trade accounts receivable		$	133,072			$	160,686
Trade allowances			(9,433	)			(18,834	)
Chargebacks			(1,360	)			(8,289	)
Accounts receivable, net		$	122,279			$	133,563

Calculation of Net Loss and Number of Shares Used to Compute Basic and Diluted Net Loss per Share

The calculation of net loss and the number of shares used to compute basic and diluted net loss per share for the years ended December 31, 2024, 2023, and 2022 are as follows:

In thousands		2024				2023				2022
Net (loss) income —basic and diluted		$	(82,183	)		$	(59,112	)		$	(105,803	)
Weighted average shares outstanding—basic and diluted			410,937				407,655				401,155
Net (loss) earnings per share—basic and diluted (1)		$	(0.20	)		$	(0.15	)		$	(0.26	)

(1) Excluding the licensing revenue change in estimate incurred in 2024 and the licensing revenue change in estimate and Medicaid change in estimate incurred in 2023, both discussed in Note 12 – Revenue Recognition, net loss per share basic and diluted for both years ended December 31, 2024 and 2023 would have been $(0.21).

Anti-Dilutive Securities Not Included in the Computation of Net (Loss) Earnings per Share

For the years ended December 31, 2024, 2023 and 2022, the following potentially dilutive securities were not included in the computation of net (loss) earnings per share because the effect would be anti-dilutive or because performance criteria were not yet met for awards contingent upon such measures:

In thousands		2024				2023				2022
Stock options			27,696				27,956				19,182
Restricted stock and restricted stock units			13,865				11,983				14,461

Estimated Fair Value of Assets and Liability

The following tables present information about the estimated fair value of the Company’s assets and liabilities as of December 31, 2024 and 2023 and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

		December 31, 2024
In thousands		Total				Level 1				Level 2				Level 3
Asset:
U.S. Treasury Securities		$	174,722			$	174,722			$	—			$	—
Money Market Fund			67,456				67,456				—				—
Repo Securities			5,000				—				5,000				—
Total		$	247,178			$	242,178			$	5,000			$	—

		December 31, 2023
In thousands		Total				Level 1				Level 2				Level 3
Asset:
U.S. Treasury Securities		$	123,992			$	123,992			$	—			$	—
Money Market Fund			99,226				99,226				—				—
Agency Securities			8,912				—				8,912				—
Repo Securities			3,250				—				3,250				—
Total		$	235,380			$	223,218			$	12,162			$	—

Schedule of Reportable Segment Profit or Loss Including Significant Reportable Segment Expenses

The table below is a summary of the reportable segment profit or loss, including significant reportable segment expenses:

	Year Ended December 31,
In thousands	2024				2023				2022
US product revenue, net	$	166,701			$	273,886			$	359,856
Europe product revenue, net		13,664				3,284				2,585
RoW product revenue, net		24,225				8,129				4,070
Total product revenue, net		204,590				285,299				366,511
Licensing and royalty revenue		24,024				21,612				2,682
Total revenue, net		228,614				306,911				369,193
Less: Cost of goods sold		110,758				102,142				108,631
Less: Cost of goods sold - restructuring inventory		36,474				39,228				18,078
Gross margin		81,382				165,541				242,484
Operating expenses:
Selling		40,150				57,243				117,012
General and administrative		38,290				52,559				75,261
Research and development		8,276				9,270				17,766
Payroll and payroll related expense		68,758				86,405				97,983
Non-cash stock-based compensation expense		17,705				16,680				26,805
Restructuring		—				10,972				13,526
Total operating expenses		173,179				233,129				348,353
Operating loss		(91,797	)			(67,588	)			(105,869	)
Interest income		13,403				11,863				2,819
Interest expense		(7	)			(8	)			(15	)
Other income (expense), net		1,201				2,063				(740	)
Loss from operations before taxes		(77,200	)			(53,670	)			(103,805	)
Provision for income taxes		(4,983	)			(5,442	)			(1,998	)
Segment & consolidated net loss	$	(82,183	)		$	(59,112	)		$	(105,803	)

Summary of Restructuring Charges

The following table sets forth the cash obligations of the Company's restructuring charges for the years ended December 31, 2024, 2023 and 2022:

		For the Year Ended December 31,
In thousands		2024				2023				2022
Employee restructuring separation charges		$	—			$	10,383			$	9,310
Vendor contract charges			—				589				4,216
Total restructuring expense			—				10,972				13,526
Restructuring inventory			—				39,228				18,078
Stock forfeitures			—				1,034				591
Total restructuring cash obligations incurred		$	—			$	51,234			$	32,195

Change in Restructuring Liability

The following table shows the change in restructuring liability which is included within accrued expenses and other current liabilities:

In thousands		Restructuring Liability
Balance at December 31, 2023		$	13,589
Restructuring cash obligations incurred			—
Payments			(13,589	)
Balance at December 31, 2024		$	—

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