Product Revenue Reserves and Allowances

9 Months Ended

Sep. 30, 2023

Product Revenue Reserves and Allowances

Product Revenue Reserves and Allowances

D.Product Revenue Reserves and Allowances

In November 2022, the FDA granted accelerated approval for ELAHERE for the treatment of adult patients with FRα positive, platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer, who have received one to three prior systemic treatment regimens. The Company recorded net product revenue of $105.2 million and $212.1 million from U.S. sales of ELAHERE during the three and nine months ended September 30, 2023, respectively.

The following table summarizes activity in each of the product revenue reserve and allowance categories as of September 30, 2023 and 2022, respectively. (in thousands):

	September 30,		September 30,
	2023		2022
Beginning balance at January 1	$	313	$	—
Provision related to sales in the current period		36,012		—
Credits and payments made		(28,223)		—
Ending balance at September 30	$	8,102	$	—