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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 216,893 $ 125,987
Investments in marketable securities 20,744  
Trade receivables, net 5,109 111,324
TSA receivables, net 114,530 11,010
Inventory 4,513 4,207
Prepaid manufacturing 6,700 6,653
Other prepaids and current assets 11,716 10,222
Assets of discontinued operations, current (Note 6)   72,180
Total current assets 380,205 341,583
Property and equipment, net 1,907 2,576
Intangible assets, net 52,312 53,646
Other assets, non-current 5,040 6,485
Assets of discontinued operations, non-current (Note 6)   44,243
Total assets 439,464 448,533
Current liabilities:    
Accounts payable 37,622 28,456
Accrued rebates, fees and reserves 96,814 164,867
TSA payables and accrued liabilities 103,999 11,026
Accrued compensation 11,015 18,344
Accrued and other current liabilities 14,179 60,288
Total current liabilities 263,629 282,981
Term loan, non-current 36,867 36,698
Convertible notes, non-current   228,229
Lease liabilities, non-current 2,406 3,286
Other liabilities, non-current 16,735 29,329
Total liabilities 319,637 580,523
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):    
Common stock ($0.0001 par value; shares authorized: 300,000,000; shares issued and outstanding: 116,222,726 and 115,614,548 at June 30, 2025 and December 31, 2024, respectively) 12 12
Additional paid-in capital 1,429,885 1,419,266
Accumulated other comprehensive loss (275) (275)
Accumulated deficit (1,309,795) (1,550,993)
Total stockholders' equity (deficit) 119,827 (131,990)
Total liabilities and stockholders' equity (deficit) $ 439,464 $ 448,533