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Collaborations (Tables)
12 Months Ended
Dec. 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 liabilities for the year ended December 31, 2024 (in thousands):

 

 

 

Balance at
December 31, 2023

 

 

Additions

 

 

Deductions

 

 

Balance at
December 31, 2024

 

Accounts receivable and contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Billed receivables – Sanofi

 

$

15,000

 

 

$

8,812

 

 

$

(23,812

)

 

$

 

Unbilled receivables – Sanofi

 

 

3,762

 

 

 

5,997

 

 

 

(8,812

)

 

 

947

 

Total accounts receivable and contract assets

 

$

18,762

 

 

$

14,809

 

 

$

(32,624

)

 

$

947

 

Contract Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Revenue – Sanofi

 

 

54,651

 

 

 

5,997

 

 

 

(47,072

)

 

 

13,576

 

Total contract liabilities

 

$

54,651

 

 

$

5,997

 

 

$

(47,072

)

 

$

13,576