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Organization, Consolidation and Presentation of Financial Statements

3 Months Ended

Mar. 31, 2024

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


(in thousands)	As of March 31, 2024		As of December 31, 2023
Prepaid external research and development expenses	$	12,767	$	12,729
Prepaid selling, general, and administrative expenses	8,062		5,811
Short-term interest receivable	1,413		1,772
Other current assets	1,386		1,406
Total prepaid expenses and other current assets	$	23,628	$	21,718

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


(in thousands)	As of March 31, 2024		As of December 31, 2023
Revenue-related reserves	$	29,272	$	26,067
External research and development expenses	16,236		16,095
Payroll and related expenses	7,918		20,519
Professional fees	6,013		5,669
Other	957		1,945
Total accrued expenses and other current liabilities	$	60,396	$	70,295

Interest Income

For the three months ended March 31, 2024 and 2023, interest income was $3.6 million and $3.9 million, respectively.