v3.26.1
ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

9. ACCRUED EXPENSES

The following table summarizes the Company’s accrued expenses for each of the periods indicated:

 

 

 

As of
June 30, 2026

 

 

As of
December 31, 2025

 

 

 

(in thousands)

 

Product revenue related reserves

 

$

118,639

 

 

$

117,518

 

Accrued contract manufacturing costs

 

 

41,256

 

 

 

92,281

 

Accrued employee compensation costs

 

 

40,972

 

 

 

58,607

 

Accrued litigation contingency charge

 

 

39,000

 

 

 

—

 

Accrued professional fees

 

 

20,874

 

 

 

17,840

 

Accrued interest expense

 

 

15,847

 

 

 

20,714

 

Accrued clinical and pre-clinical costs

 

 

15,308

 

 

 

18,894

 

Accrued royalties

 

 

10,200

 

 

 

10,863

 

Accrued income taxes

 

 

9,309

 

 

 

4,755

 

Accrued clinical collaboration costs

 

 

5,155

 

 

 

10,222

 

Accrued milestone costs

 

 

3,200

 

 

 

1,000

 

Other

 

 

5,472

 

 

 

6,965

 

Total accrued expenses

 

$

325,232

 

 

$

359,659