OTHER ASSETS (Tables)

6 Months Ended

Jun. 30, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Summary of Other Current Assets

The following table summarizes the Company’s other current assets for each of the periods indicated:


		As of June 30, 2025				As of December 31, 2024
		(in thousands)
Collaboration and other receivables		$	73,256			$	34,608
Prepaid maintenance services			15,592				13,407
Prepaid clinical and pre-clinical expenses			10,821				10,220
Tax-related receivables and prepaids			7,244				13,132
Prepaid insurance			4,113				3,668
Prepaid commercial expenses			3,729				3,371
Interest receivable			1,800				1,970
Other			11,039				10,085
Total other current assets		$	127,594			$	90,461

Summary of Other Non-current Assets

The following table summarizes the Company’s other non-current assets for each of the periods indicated:


		As of June 30, 2025				As of December 31, 2024
		(in thousands)
Intangible assets, net		$	30,522			$	26,887
Manufacturing-related deposits and prepaids			25,436				25,964
Restricted cash*			15,579				15,579
Prepaid maintenance services			4,218				4,381
Other			7,382				3,394
Total other non-current assets		$	83,137			$	76,205

* The Company had $15.6 million in restricted cash included in other non-current assets on the Company’s unaudited condensed consolidated balance sheets as of both June 30, 2025 and December 31, 2024. Restricted cash for both periods relates to (i) letters of credit established under the Company’s various property leases that serve as security for potential future default of lease payments, (ii) a letter of credit established under a certain commercial supply agreement and (iii) collateralized cash for the Company’s credit cards. The restricted cash is unavailable for withdrawal or use for general obligations.