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Collaborations (Tables)
3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Change in Accounts Receivable, Contract Asset and Liabilities

The following table presents the changes in accounts receivable, contract assets and contract liabilities for the three months ended March 31, 2024 (in thousands):

 

 

 

Balance at
December 31, 2023

 

 

Additions

 

 

Deductions

 

 

Balance at
March 31, 2024

 

Accounts receivable and contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Billed receivables - Sanofi

 

$

15,000

 

 

$

3,762

 

 

$

(18,762

)

 

$

 

Unbilled receivables - Sanofi

 

 

3,762

 

 

 

2,030

 

 

 

(3,762

)

 

 

2,030

 

Total accounts receivable and contract assets

 

$

18,762

 

 

$

5,792

 

 

$

(22,524

)

 

$

2,030

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - Sanofi

 

$

54,651

 

 

$

2,030

 

 

$

(10,287

)

 

$

46,394

 

Total contract liabilities

 

$

54,651

 

 

$

2,030

 

 

$

(10,287

)

 

$

46,394