REVENUE RECOGNITON

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITON

2. REVENUE RECOGNITON

Net Product Revenue

To date, our only source of product revenue has been from the U.S. sales of RYTELO, which we began shipping to our customers in June 2024. The reconciliation of gross product sales to net product sales by each significant category of gross-to-net adjustments was as follows for the twelve months ended December 31, 2024:

	Twelve Months Ended
	December 31, 2024
(in thousands)
Gross product revenue	$	89,418
Gross-to-net adjustments:
Chargebacks and distributor service fees		(11,772	)
Government rebates		(926	)
Sales returns and allowances		(225	)
Total gross-to-net adjustments	$	(12,923	)
Net product revenue	$	76,495