v3.25.1
Inventory
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

(4) Inventory

The Company capitalizes its purchases of saleable inventory of VASCEPA from suppliers that have been qualified by the U.S. FDA and other global regulatory agencies. Inventories as of March 31, 2025 and December 31, 2024 consist of the following:

In thousands

 

March 31, 2025

 

 

December 31, 2024

 

Raw materials

 

$

83,236

 

 

$

91,421

 

Work in process

 

 

29,513

 

 

 

30,482

 

Finished goods

 

 

104,145

 

 

 

108,885

 

Total inventory 1

 

$

216,894

 

 

$

230,788

 

(1) Total inventory consists of both current inventory and long-term inventory. During the three months ended March 31, 2024, approximately $1.5 million of inventory were expensed through cost of goods sold for product dating inventory.

As of March 31, 2025 and December 31, 2024, the Company had $57.4 million and $64.7 million of long-term inventory, respectively, as consumption is expected beyond the Company's operating cycle of 12 months.