Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Schedule of Accounts Receivable, Net

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

	December 31, 2025			December 31, 2024
Accounts receivable – commercial
Accounts receivable, gross	$	44,274		$	22,879
Wholesaler distribution fees and prompt pay discounts		(3,332	)		(4,186	)
Reserve for returns		(10,208	)		(8,858	)
Allowance for credit losses		(61	)		—
Total accounts receivable – commercial, net		30,673			9,835
Accounts receivable – collaborations and services(1)		7,694			1,969
Total accounts receivable, net	$	38,367		$	11,804

___________________________

(1)The balance as of December 31, 2024 includes the $1.1 million regulatory milestone payment receivable from Cipla. See Note 11 – Collaborations, Licensing and Other Arrangements – Cipla License and Distribution Agreement.

Schedule of Activities and Ending Reserve Balance

The Company recognizes revenue net of gross-to-net adjustments. The activities and ending reserve balance consists of the following (in thousands):

	December 31, 2025			December 31, 2024
Prompt Pay Discount Reserve, Allowance for Wholesale Distribution Fees and Reserves for Returns:
Beginning balance	$	13,044		$	8,841
Provisions		22,808			20,336
Deductions		(22,251	)		(16,133	)
Ending balance	$	13,601		$	13,044