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OTHER ASSETS
9 Months Ended
Sep. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS

8. OTHER ASSETS

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

 

 

 

As of
September 30, 2026

 

 

As of
December 31, 2025

 

 

 

(in thousands)

 

Collaboration and other receivables

 

$

41,499

 

 

$

104,117

 

Tax-related receivables and prepaids

 

 

13,807

 

 

 

15,604

 

Prepaid maintenance services

 

 

11,643

 

 

 

12,639

 

Prepaid clinical and pre-clinical expenses

 

 

6,432

 

 

 

7,976

 

Prepaid commercial expenses

 

 

3,189

 

 

 

2,290

 

Interest receivable

 

 

2,994

 

 

 

1,656

 

Prepaid insurance

 

 

2,094

 

 

 

4,004

 

Other

 

 

4,953

 

 

 

23,570

 

Total other current assets

 

$

86,611

 

 

$

171,856

 

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

 

 

 

As of
September 30, 2026

 

 

As of
December 31, 2025

 

 

 

(in thousands)

 

Manufacturing-related deposits and prepaids

 

$

90,755

 

 

$

92,890

 

Intangible assets, net

 

 

29,834

 

 

 

28,949

 

Restricted cash and investments*

 

 

11,125

 

 

 

13,125

 

Strategic investments

 

 

5,823

 

 

 

9,520

 

Prepaid maintenance services

 

 

3,061

 

 

 

3,058

 

Deferred tax asset

 

 

2,854

 

 

 

2,822

 

Other

 

 

3,334

 

 

 

5,190

 

Total other non-current assets

 

$

146,786

 

 

$

155,554

 

 

* Restricted cash and investments 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 and investments are unavailable for withdrawal or use for general obligations.