Inventory

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventory

6. Inventory

Inventory consisted of the following:

(in thousands)	June 30, 2024		December 31, 2023
Raw materials	$	29,571	$	31,259
Work in process	20,108		13,807
Finished goods	20,837		18,963
Total inventory	$	70,516	$	64,029

    

Inventory costs associated with products that have not yet received regulatory approval are capitalized if the Company believes there is probable future commercial use of the product and future economic benefit of the asset. If future commercial use of the product is not probable, then inventory costs associated with such product are expensed during the period the costs are incurred. The Company has no inventory pending regulatory approval as of June 30, 2024.