ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

ACCRUED EXPENSES

9. ACCRUED EXPENSES

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

	As of June 30, 2025		As of December 31, 2024
	(in thousands)
Product revenue related reserves	$	145,275	$	109,157
Accrued contract manufacturing costs		59,513		77,842
Accrued employee compensation costs		55,232		91,119
Accrued income taxes		18,730		17,391
Accrued professional fees		26,611		17,691
Accrued clinical and pre-clinical costs		26,152		26,849
Accrued royalties		13,996		16,625
Accrued fixed assets		8,150		5,305
Accrued milestone and license expense		6,080		2,000
Accrued clinical collaboration costs		7,003		—
Accrued interest expense		4,727		4,192
Other		5,930		5,342
Total accrued expenses	$	377,399	$	373,513