Revenues (Tables)

6 Months Ended

Jun. 30, 2025

Revenues [Abstract]

Revenues

During the three and six months ended June 30, 2025 and 2024, our revenues consisted of the following (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
		2025		2024		2025		2024
Revenue:
Commercial revenue:
Product sales, net:
TRYNGOLZA sales, net	$	19,273	$	-	$	25,561	$	-
Total product sales, net		19,273		-		25,561		-
Royalty revenue:
SPINRAZA royalties		54,337		56,743		102,347		95,198
WAINUA royalties		10,415		3,781		19,787		4,907
Other royalties		5,200		3,320		11,983		13,124
Total royalty revenue		69,952		63,844		134,117		113,229
Other commercial revenue:
TEGSEDI and WAYLIVRA revenue, net		13,531		8,192		19,246		16,820
Other revenue		-		-		-		1,580
Total other commercial revenue		13,531		8,192		19,246		18,400
Total commercial revenue		102,756		72,036		178,924		131,629
Research and development revenue:
Collaborative agreement revenue		336,921		141,524		381,951		190,870
WAINUA joint development revenue		12,372		11,690		22,785		22,249
Total research and development revenue		349,293		153,214		404,736		213,119
Total revenue	$	452,049	$	225,250	$	583,660	$	344,748