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ACCRUED EXPENSES
9 Months Ended
Sep. 30, 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
September 30,
2022

 

 

As of
December 31,
2021

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

190,343

 

 

$

104,311

 

Product revenue related reserves

 

 

67,942

 

 

 

62,145

 

Accrued employee compensation costs

 

 

42,689

 

 

 

48,299

 

Accrued clinical and pre-clinical costs

 

 

31,794

 

 

 

25,955

 

Accrued professional fees

 

 

13,888

 

 

 

9,381

 

Accrued royalties

 

 

7,862

 

 

 

11,965

 

Accrued income taxes

 

 

4,095

 

 

 

216

 

Accrued interest expense

 

 

2,935

 

 

 

1,045

 

Accrued collaboration cost sharing

 

 

1,868

 

 

 

2,887

 

Accrued sponsored research agreements

 

 

1,237

 

 

 

3,377

 

Other

 

 

4,345

 

 

 

2,116

 

Total accrued expenses

 

$

368,998

 

 

$

271,697