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Inventory
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventory
(4)
Inventory

The Company capitalizes its purchases of saleable inventory of VASCEPA from suppliers that have been qualified by the U.S. FDA and other global regulatory agencies. Inventories as of December 31, 2022 and 2021 consist of the following:

 

In thousands

 

December 31, 2022

 

 

December 31, 2021

 

Raw materials

 

$

126,391

 

 

$

107,695

 

Work in process

 

 

52,297

 

 

 

41,965

 

Finished goods

 

 

213,664

 

 

 

206,270

 

Inventory

 

$

392,352

 

 

$

355,930

 

 

The Company classifies inventory as long-term when consumption of the finished goods and work in process inventory are expected beyond the normal operating cycle. As of December 31, 2022 and 2021, we had $163.6 million and $121.3 million of Long-term inventory, respectively.