XML 43 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

Discontinued Operations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Discontinued Operations |
Schedule of reconciliation of discontinued operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net revenue | ​ | $ | 23,094 | ​ | $ | 54,683 | ​ | $ | 55,228 | ​ | $ | 129,438
Costs and expenses: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cost of goods sold | ​ |  | 6,548 | ​ |  | 26,559 | ​ |  | 25,897 | ​ |  | 59,706
Research and development | ​ |  | 440 | ​ |  | 1,357 | ​ |  | 162 | ​ |  | 1,403
Selling, general and administrative | ​ |  | 2,027 | ​ |  | 7,650 | ​ |  | 9,483 | ​ |  | 23,950
Total costs and expenses | ​ |  | 9,015 | ​ |  | 35,566 | ​ |  | 35,542 | ​ |  | 85,059
Income from operations | ​ |  | 14,079 | ​ |  | 19,117 | ​ |  | 19,686 | ​ | ​ | 44,379
Interest expense | ​ | ​ | (487) | ​ | ​ | (1,272) | ​ | ​ | (3,484) | ​ | ​ | (9,270)
Loss on debt extinguishment | ​ | ​ | (10,286) | ​ | ​ | — | ​ | ​ | (10,286) | ​ | ​ | —
Other income (expense), net | ​ | ​ | 221 | ​ | ​ | — | ​ | ​ | (11,560) | ​ | ​ | —
Gain on Sale Transactions, net | ​ | ​ | 339,102 | ​ | ​ | 24,085 | ​ | ​ | 339,102 | ​ | ​ | 177,732
Net income from discontinued operations before income taxes | ​ | ​ | 342,629 | ​ | ​ | 41,930 | ​ | ​ | 333,458 | ​ | ​ | 212,841
Income tax provision | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net income from discontinued operations, net of tax | ​ | $ | 342,629 | ​ | $ | 41,930 | ​ | $ | 333,458 | ​ | $ | 212,841
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
UDENYCA | ​ | $ | 23,190 | ​ | $ | 50,917 | ​ | $ | 54,652 | ​ | $ | 93,584
CIMERLI | ​ | ​ | (96) | ​ | ​ | — | ​ | ​ | 533 | ​ | ​ | 28,194
YUSIMRY | ​ |  | — | ​ |  | 3,766 | ​ |  | 43 | ​ |  | 7,660
Total net revenue from discontinued operations | ​ | $ | 23,094 | ​ | $ | 54,683 | ​ | $ | 55,228 | ​ | $ | 129,438
​
​ | ​ | ​ | ​
--- | --- | --- | ---
​ | ​ | December 31,
(in thousands) |  | 2024
Assets of Discontinued Operations | ​ | ​ | ​
Inventory | ​ | $ | 65,887
Prepaid manufacturing | ​ |  | 4,983
Other prepaids and current assets | ​ |  | 1,310
Total assets of discontinued operations, current | ​ | ​ | 72,180
Property and equipment, net | ​ |  | 261
Inventory, non-current | ​ |  | 43,776
Other assets, non-current | ​ |  | 206
Total assets of discontinued operations, non-current | ​ | ​ | 44,243
Total assets of discontinued operations | ​ | $ | 116,423
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(in thousands) |  | 2025 |  | 2024
Assets | ​ | ​ | ​ | ​ | ​ | ​
Trade receivables, net (1) | ​ | $ | (10,273) | ​ | $ | 102,365
Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Accrued rebates, fees and reserves | ​ | $ | 95,062 | ​ | $ | 163,771
Liabilities to be paid in connection with UDENYCA Sale | ​ | ​ | ​ | ​ | ​ | ​
Accrued and other current liabilities | ​ | $ | — | ​ | $ | 14,816
Other liabilities, non-current | ​ | $ | — | ​ | $ | 15,667
Convertible notes (Note 8) | ​ | $ | — | ​ | $ | 228,229
(1) | Chargebacks and discounts for prompt payment are classified as a reduction in trade receivables.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration