v3.26.1
Certain Balance Sheet Items (Tables)
 6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Accounts Receivable, Net and Contract Assets
Accounts receivable, net and contract assets consisted of the following (in thousands):
June 30,
2026		December 31,
2025
Product sales to partners
$104,323 $69,832 
Revenues under collaborative agreements
6,011 40,020 
Royalty payments
297,225 259,298 
Other product sales
54,427 65,117 
Other receivable— 1,612 
Contract assets2,500 15,000 
Total accounts receivable and contract assets
464,486 450,879 
Allowance for distribution fees and discounts(8,659)(9,606)
Total accounts receivable, net and contract assets
$455,827 $441,273 
Schedule of Inventories
Inventories consisted of the following (in thousands):
June 30,
2026		December 31,
2025
Raw materials$21,401 $21,869 
Work-in-process39,395 30,920 
Finished goods91,178 144,454 
Total inventories
151,974 197,243 
Less long-term portion (1)
(14,839)(20,768)
Total inventories, current
$137,135 $176,475 
(1) Long-term portion of inventories represents inventory expected to remain on hand beyond one year and therefore is included in prepaid expenses and other assets in the condensed consolidated balance sheets.
Schedule of Prepaid Expenses and Other Assets
Prepaid expenses and other assets consisted of the following (in thousands):
June 30,
2026		December 31,
2025
Prepaid manufacturing expenses$86,872 $71,925 
Other prepaid expenses44,768 14,563 
Long-term inventories
14,839 20,768 
Other assets
17,670 10,934 
Total prepaid expenses and other assets
164,149 118,190 
Less long-term portion
(55,090)(53,551)
Total prepaid expenses and other assets, current
$109,059 $64,639 
Schedule of Property and Equipment
Property and equipment, net consisted of the following (in thousands):
June 30,
2026		December 31,
2025
Research equipment$20,701 $18,305 
Manufacturing equipment45,954 41,863 
Computer and office equipment6,965 8,034 
Internal-use software
2,559 1,878 
Leasehold improvements7,521 7,521 
Subtotal
83,700 77,601 
Accumulated depreciation and amortization(33,936)(33,159)
Subtotal
49,764 44,442 
Right of use of assets34,507 37,695 
Total property and equipment, net
$84,271 $82,137 
Schedule of Accrued Expenses
Accrued expenses consisted of the following (in thousands):
June 30,
2026		December 31,
2025
Accrued compensation and payroll taxes$20,684 $28,621 
Accrued outsourced manufacturing expenses5,181 11,775 
Taxes payable
26,426 44,148 
Product returns and sales allowance44,108 46,594 
Other accrued expenses86,264 104,349 
Lease liability31,879 34,569 
Total accrued expenses
214,542 270,056 
Less long-term portion(102,681)(113,863)
Total accrued expenses, current
$111,861 $156,193