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ACCRUED EXPENSES (Tables)
6 Months Ended
Jun. 30, 2022
Payables and Accruals [Abstract]  
Summary of Accrued Expenses

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

 

 

 

As of
June 30,
2022

 

 

As of
December 31,
2021

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

204,867

 

 

$

104,311

 

Product revenue related reserves

 

 

68,361

 

 

 

62,145

 

Accrued clinical and pre-clinical costs

 

 

33,832

 

 

 

25,955

 

Accrued employee compensation costs

 

 

32,191

 

 

 

48,299

 

Accrued royalties

 

 

14,746

 

 

 

11,965

 

Accrued professional fees

 

 

13,574

 

 

 

9,381

 

Accrued collaboration cost sharing

 

 

2,868

 

 

 

2,887

 

Accrued income taxes

 

 

2,485

 

 

 

216

 

Accrued sponsored research agreements

 

 

1,651

 

 

 

3,377

 

Accrued fixed assets

 

 

1,462

 

 

 

127

 

Accrued interest expense

 

 

1,092

 

 

 

1,045

 

Other

 

 

6,570

 

 

 

1,989

 

Total accrued expenses

 

$

383,699

 

 

$

271,697