XML 36 R26.htm IDEA: XBRL DOCUMENT v3.25.3

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2025

Discontinued Operations

Schedule of reconciliation of discontinued operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30,

​

September 30,

(in thousands)

2025

2024

2025

2024

Net revenue

​

$

10,663

​

$

64,722

​

$

65,891

​

$

194,160

Costs and expenses:

​

​

​

​

​

​

​

​

Cost of goods sold

​

287

​

18,012

​

26,184

​

77,718

Research and development

​

564

​

(376)

​

726

​

1,027

Selling, general and administrative

​

326

​

6,617

​

9,809

​

30,567

Total costs and expenses

​

1,177

​

24,253

​

36,719

​

109,312

Income from operations

​

9,486

​

40,469

​

29,172

​

​

84,848

Interest expense

​

​

—

​

​

(2,535)

​

​

(3,484)

​

​

(12,990)

Gain (loss) on Sale Transactions, net

​

​

(422)

​

​

(1,086)

​

​

338,680

​

​

176,646

Loss on debt extinguishment

​

​

—

​

​

—

​

​

(10,286)

​

​

—

Other income (expense), net

​

​

(78)

​

​

—

​

​

(11,638)

​

​

—

Net income from discontinued operations before income taxes

​

​

8,986

​

​

36,848

​

​

342,444

​

​

248,504

Income tax provision

​

​

—

​

​

—

​

​

—

​

​

—

Net income from discontinued operations, net of tax

​

$

8,986

​

$

36,848

​

$

342,444

​

$

248,504

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30,

​

September 30,

(in thousands)

2025

2024

2025

2024

UDENYCA

​

$

10,663

​

$

66,089

​

$

65,315

​

$

159,673

CIMERLI

​

​

—

​

​

(1,215)

​

​

533

​

​

26,979

YUSIMRY

​

—

​

(152)

​

43

​

7,508

Total net revenue from discontinued operations

​

$

10,663

​

$

64,722

​

$

65,891

​

$

194,160

​

​	​	​	​
​	​	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

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
(in thousands)		2025			2024
Assets	​	​	​	​	​	​
Trade receivables, net (1)	​	$	(3,050)	​	$	102,365
Liabilities	​	​	​	​	​	​
Accrued rebates, fees and reserves	​	$	64,826	(2)	$	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.

(2) This balance is expected to be settled in a front-weighted fashion over the remainder of 2025 and into 2026.

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A

Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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