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ACCRUED EXPENSES (Tables)
6 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
Summary of Accrued Expenses

The following table summarizes the Company’s accrued expenses for each of the periods indicated:

 

 

As of
June 30, 2024

 

 

As of
December 31, 2023

 

 

 

(in thousands)

 

Product revenue related reserves

 

$

104,652

 

 

$

100,075

 

Accrued contract manufacturing costs

 

 

77,451

 

 

 

33,024

 

Accrued employee compensation costs

 

 

50,023

 

 

 

78,732

 

Accrued clinical and pre-clinical costs

 

 

36,221

 

 

 

34,669

 

Accrued professional fees

 

 

22,885

 

 

 

17,187

 

Accrued fixed assets

 

 

21,163

 

 

 

3,231

 

Accrued income taxes

 

 

18,186

 

 

 

13,766

 

Accrued royalties

 

 

7,724

 

 

 

12,070

 

Accrued interest

 

 

4,368

 

 

 

4,395

 

Accrued research expenses

 

 

2,737

 

 

 

2,441

 

Other

 

 

4,994

 

 

 

4,032

 

Total accrued expenses

 

$

350,404

 

 

$

314,997