Development, Commercialization and Supply Agreements (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Product Approval

The Company received approval of VASCEPA under the MARINE and REDUCE-IT indications in the following countries:

Country	MARINE	REDUCE-IT	Launch Date
Lebanon	March 2018	August 2021	June 2018
United Arab Emirates	July 2018	October 2021	February 2019
Qatar	December 2019	April 2021	N/A
Bahrain	April 2021	April 2022	N/A
Kuwait	December 2021	March 2023	September 2023
Saudi Arabia	March 2022	June 2023	September 2023

Changes in Balances of Contract Assets and Liabilities and Revenues Recognized

The following table presents changes in the balances of the Company’s contract assets and liabilities during the six months ended June 30, 2024 and 2023:

In thousands	Balance at Beginning of Period		Additions		Deductions			Balance at End of Period
Six months ended June 30, 2024:
Contract assets	$	—	$	—	$	—		$	—
Contract liabilities:
Deferred revenue (1)	$	4,850	$	—	$	(4,850	)	$	—
Six months ended June 30, 2023:
Contract assets	$	—	$	—	$	—		$	—
Contract liabilities:
Deferred revenue (2)	$	15,346	$	5,000	$	(14,990	)	$	5,356

(1) The approximately $4.9 million reduction consists primarily of recognition of $4.0 million relating to the change in estimate for Edding during the three months ended June 30, 2024.

(2) The approximately $15.0 million reduction consists of recognition of $5.0 million and $5.3 million relating to the change in estimate for Edding and HLS, respectively, as well as recognizing, based on the revised timeline $3.9 million for the MARINE indication approval in China achieved during the three months ended June 30, 2023.

During the six months ended June 30, 2024 and 2023, the Company recognized the following revenues as a result of changes in the contract asset and contract liability balances in the respective periods:

In thousands	Six months ended June 30,
Revenue recognized in the period from:	2024		2023
Amounts included in contract liability at the beginning of the period	$	1,180	$	11,097
Performance obligations satisfied in previous periods	$	3,670	$	1,722