
(in thousands)	June 30, 2026		December 31, 2025
Raw materials	$	15,259	$	15,938
Work-in-process	20,937		15,224
Finished goods	9,360		9,313
Inventory	$	45,556	$	40,475


(in thousands)	June 30, 2026		December 31, 2025

Building and building improvements	$	109,405	$	109,242
Manufacturing equipment	30,864		29,279
Leasehold improvements	31,661		27,227
Construction in progress	9,531		8,108
Laboratory equipment	3,879		3,490
Computer equipment and software	2,616		2,559
Furniture and fixtures	2,191		2,152
Total property and equipment	190,147		182,057
Accumulated depreciation	(36,372)		(31,281)
Property and equipment, net	$	153,775	$	150,776

Depreciation expense was $1.4 million and $1.3 million for the three months ended June 30, 2026 and 2025, respectively, and $2.9 million and $2.8 million for the six months ended June 30, 2026 and 2025, respectively. Depreciation expense capitalized into inventory was $1.2 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively, and $2.2 million and $2.0 million for the six months ended June 30, 2026 and 2025, respectively.

Accrued expenses and other current liabilities consisted of the following as of June 30, 2026 and December 31, 2025:


(in thousands)	June 30, 2026		December 31, 2025
Accrued taxes	14,810		10,919
Accrued payroll and benefits	6,925		11,457
Accrued professional fees	4,842		5,936
Accrued preclinical and clinical expenses	4,780		4,667
Other current liabilities	3,428		3,579
Accrued inventory	640		1,005
Accrued construction in progress	140		2,189


Accrued expenses and other current liabilities	$	35,565	$	39,752