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ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2022
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
March 31,
2022

 

 

As of
December 31,
2021

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

138,179

 

 

$

104,311

 

Product revenue related reserves

 

 

68,973

 

 

 

62,145

 

Accrued clinical and pre-clinical costs

 

 

34,554

 

 

 

25,955

 

Accrued employee compensation costs

 

 

19,177

 

 

 

48,299

 

Accrued royalties

 

 

12,980

 

 

 

11,965

 

Accrued professional fees

 

 

10,644

 

 

 

9,381

 

Accrued interest expense

 

 

3,182

 

 

 

1,045

 

Accrued collaboration cost sharing

 

 

2,263

 

 

 

2,887

 

Other

 

 

3,956

 

 

 

5,709

 

Total accrued expenses

 

$

293,908

 

 

$

271,697