v3.26.1
Collaborative, Licensing and Other Arrangements (Tables)
3 Months Ended
Mar. 31, 2026
Research and Development [Abstract]  
Schedule of Net Product Sales
The following table summarizes total other revenue recognized for the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31,
20262025
Other Revenue$$
Amgen royalty revenue18,297 5,519 
Novartis broad markets revenue5,263 3,522 
Other2,549 (292)
Other Revenue26,109 8,749 
The table below presents the Company’s net product revenue for the three months ended March 31, 2026 and 2025:
 Three Months Ended
 March 31,
 20262025
 $$
Product revenue – gross1,893,489 1,400,066 
Less: rebates and sales returns(406,160)(291,536)
Product revenue – net1,487,329 1,108,530 
The following table disaggregates net product revenue by product for the three months ended March 31, 2026 and 2025:
 Three Months Ended
 March 31,
 20262025
 $$
BRUKINSA®
1,094,843 791,664 
TEVIMBRA®
206,241 171,164 
XGEVA®
89,920 70,423 
BLINCYTO®
34,035 23,906 
KYPROLIS®
16,971 19,728 
POBEVCY®
12,127 13,745 
Other33,192 17,900 
Total product revenue – net1,487,329 1,108,530 
Schedule of Collaboration Agreements
Amounts recorded related to the Company’s portion of the co-development funding on the pipeline assets for the three months ended March 31, 2026 and 2025 were as follows:
 Three Months Ended
 March 31,
 20262025
 $$
BeOne’s portion of the development funding58,048 40,519 
Less: Amortization of research and development cost share liability28,645 19,812 
Research and development expense29,403 20,707 
As of
March 31, 2026
$
Remaining portion of development funding cap 72,346 
As of March 31, 2026 and December 31, 2025, the research and development cost share liability recorded in the Company’s balance sheet was as follows:
 As of
 March 31,December 31,
 20262025
 $$
Research and development cost share liability, current portion35,700 64,345 
Total research and development cost share liability35,700 64,345 
Schedule of Amounts and Classification of Reimbursement Expense
The total reimbursement paid under the commercial profit-sharing agreement for product sales is classified in the income statement for the three months ended March 31, 2026 and 2025 as follows:
 Three Months Ended
 March 31,
 20262025
 $$
Cost of sales - product11,253 7,494 
Research and development(193)(512)
Selling, general and administrative(26,442)(23,948)
Total(15,382)(16,966)
Schedule of Payments Due to Collaboration Partners
Upfront and milestone payments incurred under these arrangements for the three months ended March 31, 2026 and 2025 are set forth below. All upfront and development milestones were expensed to research and development expense. All regulatory and commercial milestones were capitalized as intangible assets and are being amortized over the remainder of the respective product patent or term of the commercialization agreements.
 Three Months Ended
 March 31,
 20262025
Payments due to collaboration partnersClassification$$
Upfront paymentsResearch and development expense544 — 
Total544 —