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Accounts Receivable (Tables)
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

 

 

March 31, 2025

 

 

December 31, 2024

 

Accounts receivable – commercial

 

 

 

 

 

 

Accounts receivable, gross

 

$

18,406

 

 

$

22,879

 

Wholesaler distribution fees and prompt pay discounts

 

 

(3,855

)

 

 

(4,186

)

Reserve for returns

 

 

(9,719

)

 

 

(8,858

)

Total accounts receivable – commercial, net

 

 

4,832

 

 

 

9,835

 

Accounts receivable – collaborations and services(1)

 

 

24,068

 

 

 

1,969

 

Total accounts receivable, net

 

$

28,900

 

 

$

11,804

 

___________________________

(1)
The balance as of December 31, 2024 includes the $1.1 million regulatory milestone payment receivable from Cipla. See Note 9 Collaborations, Licensing and Other Arrangements Cipla License and Distribution Agreement.