v3.25.1
Prepaid and Other Current Assets
3 Months Ended
Mar. 31, 2025
Prepaid Expense and Other Assets, Current [Abstract]  
Prepaid and Other Current Assets

5. Prepaid and Other Current Assets

 

Prepaid and other current assets consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Down payments for inventory

 

$

11,362

 

 

$

1,080

 

Prepaid research and development

 

 

9,607

 

 

 

7,780

 

Other prepaid expenses

 

 

16,135

 

 

 

9,508

 

Total prepaid assets

 

$

37,104

 

 

$

18,368

 

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Royalties receivable

 

$

6,090

 

 

$

4,525

 

Receivable from collaboration agreement

 

 

3,041

 

 

 

2,272

 

Deposits and other current assets

 

 

3,942

 

 

 

4,847

 

Total other current assets

 

$

13,073

 

 

$

11,644