REVENUES |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| REVENUES | NOTE 10 – REVENUES Disaggregation of Net Revenues The Company’s net product revenues are summarized below:
All sales are generated in the United States. Gross-to-Net Sales Accruals We record gross-to-net sales accruals for chargebacks, rebates, sales and other discounts, and product returns, which are all customary to the pharmaceutical industry. Our provision for gross-to-net allowances was $10.6 million at March 31, 2026, $1.9 million of which was recorded as a reduction to accounts receivable and $8.7 million recorded as a component of accrued expenses. The above allowances have been reduced by approximately $1.5 million related to adjustments in respect of prior years resulting in an additional $1.5 million of revenue being recognized during the three months ended March 31, 2026. Our provision for gross-to-net allowances was $5.1 million at March 31, 2025, $1.2 million of which was recorded as a reduction to accounts receivable and $3.9 million recorded as a component of accrued expenses. |
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