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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations |
Schedule of reconciliation of discontinued operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended December 31,
(in thousands) |  |  | 2024 |  | 2023
Net revenue | ​ | ​ | $ | 240,571 | ​ | $ | 256,026
Costs and expenses: | ​ | ​ |  | ​ | ​ |  | ​
Cost of goods sold | ​ | ​ |  | 108,826 | ​ |  | 158,554
Research and development | ​ | ​ |  | 1,503 | ​ |  | 13,326
Selling, general and administrative | ​ | ​ |  | 42,256 | ​ |  | 71,557
Total costs and expenses | ​ | ​ |  | 152,585 | ​ |  | 243,437
Income from operations | ​ | ​ |  | 87,986 | ​ | ​ | 12,589
Interest expense | ​ | ​ | ​ | (16,424) | ​ | ​ | (29,463)
Other income (expense), net | ​ | ​ | ​ | (4,250) | ​ | ​ | 744
Gain (loss) on Sale Transactions, net | ​ | ​ | ​ | 176,589 | ​ | ​ | —
Net income (loss) from discontinued operations before income taxes | ​ | ​ | ​ | 243,901 | ​ | ​ | (16,130)
Income tax provision | ​ | ​ | ​ | — | ​ | ​ | —
Net income (loss) from discontinued operations, net of tax | ​ | ​ | $ | 243,901 | ​ | $ | (16,130)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Year Ended December 31,
(in thousands) |  | 2024 |  | 2023
UDENYCA | ​ | $ | 205,951 | ​ | $ | 127,064
CIMERLI | ​ | ​ | 27,079 | ​ | ​ | 125,388
YUSIMRY | ​ |  | 7,541 | ​ |  | 3,574
Total net revenue from discontinued operations | ​ | $ | 240,571 | ​ | $ | 256,026
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31,
(in thousands) |  | 2024 |  | 2023
Assets of Discontinued Operations | ​ | ​ | ​ | ​ | ​ | ​
Inventory | ​ | $ | 65,887 | ​ | $ | 60,511
Prepaid manufacturing | ​ |  | 4,983 | ​ |  | 12,627
Other prepaids and current assets | ​ | ​ | 1,310 | ​ |  | 3,961
Total assets of discontinued operations, current | ​ | ​ | 72,180 | ​ | ​ | 77,099
Property and equipment, net | ​ |  | 261 | ​ |  | —
Inventory, non-current | ​ |  | 43,776 | ​ |  | 67,033
Intangible assets, net | ​ | ​ | — | ​ | ​ | 4,065
Other assets, non-current | ​ |  | 206 | ​ |  | 605
Total assets of discontinued operations, non-current | ​ | ​ | 44,243 | ​ | ​ | 71,703
Total assets of discontinued operations | ​ | $ | 116,423 | ​ | $ | 148,802
Liabilities of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​
Accrued and other current liabilities, current | ​ | $ | — | ​ | $ | 11,480
Total liabilities of discontinued operations, current | ​ | ​ | — | ​ | ​ | 11,480
Other liabilities - non-current | ​ | ​ | — | ​ | ​ | 9,000
Total liabilities of discontinued operations, non-current | ​ | ​ | — | ​ | ​ | 9,000
Total liabilities of discontinued operations | ​ | $ | — | ​ | $ | 20,480
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31,
(in thousands) |  | 2024 |  | 2023
Assets | ​ | ​ | ​ | ​ | ​ | ​
Trade receivables, net | ​ | $ | 102,365 | ​ | $ | 259,881
Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Accrued rebates, fees and reserves, current | ​ | $ | 163,771 | ​ | $ | 169,589
Other liabilities, non-current | ​ | $ | — | ​ | $ | 1,287
Liabilities to be paid in connection with the Sale Transactions | ​ | ​ | ​ | ​ | ​ | ​
Accrued and other current liabilities | ​ | $ | 14,816 | ​ | $ | 728
Other liabilities, non-current | ​ | $ | 15,667 | ​ | $ | —
Term loan, non-current (Note 9) | ​ | $ | — | ​ | $ | 172,537
Convertible notes (Note 9) | ​ | $ | 228,229 | ​ | $ | 226,888

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