Revenues (Tables)

6 Months Ended

Jun. 30, 2026

Revenues [Abstract]

Revenues

During the three and six months ended June 30, 2026 and 2025, our revenues consisted of the following (in thousands):


	Three Months Ended								Six Months Ended
	June 30,								June 30,
		2026				2025				2026				2025
Revenue:
Commercial revenue:
Product sales, net:
TRYNGOLZA sales, net	$	4,574			$	19,273			$	31,674			$	25,561
DAWNZERA sales, net		26,565				-				42,420				-
Total product sales, net		31,139				19,273				74,094				25,561
Royalty revenue:
SPINRAZA royalties		53,486				54,337				97,196				102,347
WAINUA royalties		16,436				10,415				27,145				19,787
Other royalties		6,036				5,200				9,941				11,983
Total royalty revenue		75,958				69,952				134,282				134,117
Other commercial revenue		11,526				13,531				18,058				19,246
Total commercial revenue		118,623				102,756				226,434				178,924
Research and development revenue:
Collaborative agreement revenue		133,137				336,921				253,797				381,951
WAINUA joint development revenue		16,189				12,372				33,811				22,785
Total research and development revenue		149,326				349,293				287,608				404,736
Total revenue	$	267,949			$	452,049			$	514,042			$	583,660