Note 11 - Commitments and Contingencies |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Commitments and Contingencies Disclosure [Text Block] |
NOTE 11 – COMMITMENTS AND CONTINGENCIES
Purchase Commitments
The Company contracts with various third parties to conduct certain activities including clinical operations and contract manufacturing, and for the clinical and commercial supply of BRIUMVI. Certain contracts contain non-cancellable features or require the Company to make binding forecasts for future purchases. As of March 31, 2026, the Company had aggregate non-cancelable purchase commitments of $304.1 million, of which $102.3 million, $109.1 million, and $92.7 million are expected to be incurred in the years 2026, 2027 and 2028, respectively. These amounts do not represent the Company’s entire anticipated purchase requirements, as the amounts of such obligations will ultimately be dependent on the timing of future orders and the terms of the existing and future agreements, which cannot be reasonably estimated at this time.
Loan Payable
See Note 7 – Loan Payable for a detailed description of the Company’s loan agreement.
Leases
See Note 8 – Leases for a detailed description of the Company’s lease arrangements in New York and North Carolina.
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