Product Revenue, Net

6 Months Ended

Jun. 30, 2022

Product Revenue, Net

Product Revenue, Net

11.   Product Revenue, Net

The Company recognized U.S. Ocaliva net sales of $71.8 million and $68.2 million for the three months ended June 30, 2022 and 2021, respectively and $130.9 million and $125.5 million for the six months ended June 30, 2022 and 2021, respectively.

Credit Losses

The following table summarizes the allowance for credit losses activity on the Company’s trade receivables for the six-month period ended June 30, 2022 (in thousands):

Balance at December 31, 2021	$	58
Provision for credit losses		(7)
Write-offs		—
Balance at June 30, 2022	$	51