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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents [1] $ 176,306 $ 173,729
Marketable debt securities 311,279 436,296
Accounts receivable, net 124,464 121,801
Inventory 46,498 45,007
Prepaid expenses and other assets 61,241 40,290
Total current assets 719,788 817,123
Property, plant, and equipment, net 255,763 265,929
Marketable debt securities 51,454 135,004
Intangible assets, net 174,733 178,314
Goodwill 44,406 44,406
Other assets 60,121 62,680
Total assets 1,306,265 1,503,456
Current liabilities:    
Accounts payable 34,242 38,756
Accrued liabilities 180,792 240,973
Lease liabilities 11,766 10,297
Liabilities for sales of future royalties 63,863 49,847
Other liabilities 2,581 4,280
Total current liabilities 293,244 344,153
Lease liabilities 24,531 30,042
Deferred tax liabilities 30,058 30,058
Liabilities for sales of future royalties 782,748 819,824
Other liabilities 17,398 17,082
Total liabilities 1,147,979 1,241,159
Noncontrolling interest 7,000 7,000
Stockholders’ equity:    
Preferred stock, par value of $0.001 per share - 25,000,000 shares authorized; nil outstanding in 2025 and in 2024 0 0
Common stock, par value of $0.001 per share - 250,000,000 shares authorized; outstanding-96,353,634 in 2025 and 92,484,330 in 2024 96 92
Treasury stock, at cost, 173,034 in 2025 and 69,757 in 2024 (7,991) (3,593)
Deferred compensation obligation 7,991 3,593
Additional paid-in capital 4,374,333 4,212,692
Accumulated other comprehensive loss (268) (643)
Accumulated deficit (4,222,875) (3,956,844)
Total stockholders’ equity 151,286 255,297
Total liabilities, noncontrolling interest and stockholders' equity $ 1,306,265 $ 1,503,456
[1] The Company's Condensed Consolidated Balance Sheet as of June 30, 2025 and December 31, 2024, includes $10.2 million and $13.5 million, respectively, in cash and cash equivalents that can be used only to settle obligations of the consolidated variable interest entity. See Note 6.