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ACCRUED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2025
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
March 31, 2025

 

 

As of
December 31, 2024

 

 

 

(in thousands)

 

Product revenue related reserves

 

$

118,352

 

 

$

109,157

 

Accrued income taxes

 

 

79,864

 

 

 

17,391

 

Accrued contract manufacturing costs

 

 

66,847

 

 

 

77,842

 

Accrued employee compensation costs

 

 

35,296

 

 

 

91,119

 

Accrued clinical and pre-clinical costs

 

 

27,461

 

 

 

26,849

 

Accrued professional fees

 

 

23,489

 

 

 

17,691

 

Accrued royalties

 

 

15,663

 

 

 

16,625

 

Accrued fixed assets

 

 

14,660

 

 

 

5,305

 

Other

 

 

10,018

 

 

 

11,534

 

Total accrued expenses

 

$

391,650

 

 

$

373,513