Inventory

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventory

INVENTORY

Inventory consisted of the following:

	December 31,
(in thousands)	2024		2023
Raw materials	$	30,792	$	22,920
Work in process	58,685		24,582
Finished goods	1,707		1,985
Total	$	91,184	$	49,487
Reported as
Inventory	$	21,173	$	12,448
Inventory, non-current	70,011		37,039
Total	$	91,184	$	49,487

Prepaid commercial manufacturing with third-party CMOs not included in inventory was $16.4 million and $23.2 million at December 31, 2024 and 2023, respectively. There were no prepayments expected to be converted into inventory after 12 months at December 31, 2024, compared to $4.2 million at December 31, 2023.