CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 580,656	$ 517,553
Accounts receivable, net	71,265	65,476
Inventory	19,778	19,541
Prepaid expenses and other current assets	14,019	21,039
Total current assets	685,718	623,609
Operating lease right-of-use asset, net	2,158	2,230
Property and equipment, net	1,239	1,354
License and acquired intangibles, net	147,327	156,672
Deferred tax assets, net	48,222	45,982
Investment in equity securities	24,208	21,564
Total assets	908,872	851,411
Current Liabilities:
Accounts payable	11,197	16,593
Accrued expenses and other liabilities	100,452	104,085
Total current liabilities	111,649	120,678
Operating lease liability, net of current portion	2,681	2,786
Other non-current liabilities	259	315
Total liabilities	114,589	123,779
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized: none issued and outstanding at March 31, 2025 and December 31, 2024	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized; 121,959,172 shares and 120,879,099 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	122	121
Additional paid-in capital	452,280	442,286
Retained earnings	341,898	285,161
Accumulated other comprehensive income (loss) (Note 4)	(17)	64
Total stockholders' equity	794,283	727,632
Total liabilities and stockholders' equity	$ 908,872	$ 851,411