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Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the Company’s related party transactions (in thousands):
Three Months Ended March 31,
Related Party and Nature of TransactionCaption in Balance Sheet and Statement of Operations20242023
Kashiv Biosciences LLC
Parking space leaseResearch and development$25 $17 
Development and commercialization agreement - Ganirelix Acetate and Cetrorelix AcetateResearch and development$— $50 
Development and commercialization agreement - Filgrastim and Pegfilgrastim - Royalty expense (Releuko and Fylnetra)Cost of goods sold$4,526 $144 
Storage agreementResearch and development$(77)$(48)
Inventory purchases under development and commercialization agreement - Filgrastim and Pegfilgrastim (Releuko and Fylnetra)Inventory and cost of goods sold$1,216 $— 
Generic development supply agreement - research and development materialResearch and development$(48)$— 
Generic development supply agreement - development activity deferred incomeDeferred revenue and net revenue$(422)$— 
Development and commercialization agreement - Long-acting injectableResearch and development$500 $— 
Other Related Parties
Kanan, LLC - operating leaseInventory and cost of goods sold$592 $566 
Sutaria Family Realty, LLC - operating leaseInventory and cost of goods sold$314 $305 
Apace KY, LLC d/b/a Apace Packaging LLC - packaging agreementInventory and cost of goods sold$5,001 $1,836 
Tracy Properties LLC - operating leaseSelling, general and administrative$143 $169 
AzaTech Pharma LLC - supply agreementInventory and cost of goods sold$2,312 $575 
AvPROP, LLC - operating leaseSelling, general and administrative$44 $47 
Avtar Investments, LLC - consulting servicesResearch and development$69 $188 
AlkermesInventory and cost of goods sold$12 $
R&S Solutions - logistics servicesSelling, general and administrative$— $20 
Members - tax receivable agreement (TRA liability)Other expense$1,948 $826 
The following table summarizes the amounts due to or from the Company for related party transactions (in thousands):
March 31, 2024December 31, 2023
Kashiv - various agreements$1,434 $954 
Apace Packaging, LLC - packaging agreement— 
Alkermes— 
AzaTech Pharma LLC78 — 
Related party receivables - short term $1,521 $955 
Kashiv - various agreements$5,773 $3,179 
Apace Packaging, LLC - packaging agreement1,863 1,091 
AzaTech Pharma LLC - supply agreement1,650 1,958 
Avtar Investments LLC - consulting services22 100 
Sellers of AvKARE LLC and R&S - accrued interest on Sellers Notes
442 442 
Members - tax receivable agreement3,532 549 
Rondo Class B unit holders - tax distributions3,777 — 
Alkermes Plc16 
Related party payables - short term $17,075 $7,321 
Kashiv - contingent consideration
$530 $430 
Sellers of AvKARE LLC and R&S - accrued interest on Sellers Notes
8,691 8,139 
Members - tax receivable agreement2,173 3,207 
Related party payables - long term $11,394 $11,776