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Inventory
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventory

6. Inventory

Inventory, net of related reserves, consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2025

 

 

2024

 

Raw materials

 

$

24,960

 

 

$

29,080

 

Work in process

 

 

15,156

 

 

 

15,870

 

Finished goods

 

 

21,924

 

 

 

23,075

 

Total inventory, net(1)

 

$

62,040

 

 

$

68,025

 

 

 

 

 

 

 

 

 

(1)
As of September 30, 2025, amounts totaling $3.5 million, $0.1 million and $7.0 million were reclassified to assets held for sale, from raw materials, work in process and finished goods, respectively, as a result of the pending sale of the Company’s single-photon emission computerized tomography (“SPECT”) business. See Note 8, “Assets and Liabilities Held for Sale” for more information.

The majority of the value of the inventory relates to non-radioactive products. With respect to the Company’s products that are radiopharmaceuticals, due to the limited shelf life of such products, they are generally not held as finished goods.