OTHER ASSETS

3 Months Ended

Mar. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

8. OTHER ASSETS

The following table summarizes the Company’s other current assets for each of the periods indicated:


	As of March 31, 2025		As of December 31, 2024
	(in thousands)
Collaboration and other receivables	$	55,216	$	34,608
Prepaid maintenance services		16,625		13,407
Prepaid clinical and pre-clinical expenses		8,914		10,220
Tax-related receivables and prepaids		7,026		13,132
Prepaid commercial expenses		3,766		3,371
Prepaid employee benefits		3,034		2,841
Interest receivable		2,911		1,970
Other		7,986		10,912
Total other current assets	$	105,478	$	90,461

The following table summarizes the Company’s other non-current assets for each of the periods indicated:


	As of March 31, 2025		As of December 31, 2024
	(in thousands)
Manufacturing-related deposits and prepaids	$	27,600	$	25,964
Intangible assets, net		26,199		26,887
Restricted cash*		15,579		15,579
Prepaid maintenance services		4,746		4,381
Other		6,427		3,394
Total other non-current assets	$	80,551	$	76,205

* The Company had $15.6 million in restricted cash included in other non-current assets on the Company’s unaudited condensed consolidated balance sheets as of both March 31, 2025 and December 31, 2024. Restricted cash for both periods relates to (i) letters of credit established under the Company’s various property leases that serve as security for potential future default of lease payments, (ii) a letter of credit established under a certain commercial supply agreement and (iii) collateralized cash for the Company’s credit cards. The restricted cash is unavailable for withdrawal or use for general obligations.