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Accrued Expenses and Other Current Liabilities (Tables)
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were comprised of the following (in thousands):

 

 

March 31, 2025

 

 

December 31, 2024

 

Salary and related expenses

 

$

20,589

 

 

$

20,570

 

Discounts and allowances for commercial product sales

 

 

7,541

 

 

 

9,393

 

Accrued interest(1)

 

 

4,437

 

 

 

303

 

Deferred lease liability

 

 

2,373

 

 

 

2,423

 

Current portion of milestone rights liability(2)

 

 

639

 

 

 

639

 

Professional fees

 

 

576

 

 

 

1,311

 

Returns reserve for acquired product(3)

 

 

313

 

 

 

804

 

Other

 

 

3,635

 

 

 

4,850

 

Accrued expenses and other current liabilities

 

$

40,103

 

 

$

40,293

 

__________________________

(1)
As of March 31, 2025, accrued interest includes $4.4 million related to a milestone payment of $5.0 million to be paid in the second quarter of 2025. See Note 14 Commitments and Contingencies under Contingencies — Milestone Rights.
(2)
See Note 14 Commitments and Contingencies under Contingencies — Milestone Rights.
(3)
See Note 14 Commitments and Contingencies under Loss Contingencies — Returns Reserve for Acquired Product.