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Revenue
 9 Months Ended
Sep. 30, 2022
Revenue  
Revenue

2.        Revenue

The Company recorded net revenue of $45.4 million and $165.7 million during the three and nine months ended September 30, 2022, respectively, and $82.5 million and $253.2 million during the three and nine months ended September 30, 2021, respectively.

Gross revenues by significant customer as a percentage of total gross revenues are as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Three Months Ended

​

​

Nine Months Ended

 

​

​

September 30, 2022

 

​

September 30, 2021

​

​

September 30, 2022

 

​

September 30, 2021

 

McKesson Corporation

 

37

%

​

40

%

​

37

%

​

39

%

AmeriSource-Bergen Corporation

 

45

%

​

40

%

​

45

%

​

39

%

Cardinal Health, Inc.

 

17

%

​

19

%

​

17

%

​

20

%

​

Product Sales Discounts and Allowances

The activities and ending reserve balances for each significant category of discounts and allowances, which constitute variable consideration, were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2022

​

    

Chargebacks

    

​

​

    

Other Fees,

    

​

​

​

​

and Discounts

​

​

​

​

Co-pay

​

​

​

​

​

for Prompt

​

​

​

​

Assistance

​

​

​

(in thousands)

​

Payment

​

Rebates

​

and Returns

​

Total

Balances at December 31, 2021

​

$

29,665

​

$

54,004

​

$

26,054

​

$

109,723

Provision related to sales made in:

​

 

​

​

​

​

​

​

​

​

​

​

Current period

​

​

321,056

​

​

50,939

​

​

54,967

​

​

426,962

Prior period

​

​

(2,055)

​

​

(5,064)

​

​

(181)

​

​

(7,300)

Payments and customer credits issued

​

 

(320,022)

​

​

(64,869)

​

​

(61,829)

​

​

(446,720)

Balances at September 30, 2022

​

$

28,644

​

$

35,010

​

$

19,011

​

$

82,665

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2021

​

    

Chargebacks

    

​

​

    

Other Fees,

    

​

​

​

​

and Discounts

​

​

​

​

Co-pay

​

​

​

​

​

for Prompt

​

​

​

​

Assistance

​

​

​

(in thousands)

​

Payment

​

Rebates

​

and Returns

​

Total

Balances at December 31, 2020

​

$

40,580

​

$

54,058

​

$

28,760

​

$

123,398

Provision related to sales made in:

​

​

​

​

​

​

​

​

​

​

​

​

Current period

​

 

356,663

​

​

90,965

​

​

73,289

​

​

520,917

Prior period

​

​

(2,859)

​

​

(2,821)

​

​

(3,035)

​

​

(8,715)

Payments and customer credits issued

​

 

(362,241)

​

 

(78,600)

​

 

(75,716)

​

 

(516,557)

Balances at September 30, 2021

​

$

32,143

​

$

63,602

​

$

23,298

​

$

119,043

​

Chargebacks and discounts for prompt payment are recorded as a reduction in trade receivables, and the remaining reserve balances are classified as current liabilities in the accompanying unaudited condensed consolidated balance sheets.