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ACCRUED EXPENSES (Tables)
12 Months Ended
Dec. 31, 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 December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

202,173

 

 

$

104,311

 

Product revenue related reserves

 

 

68,784

 

 

 

62,145

 

Accrued employee compensation costs

 

 

65,946

 

 

 

48,299

 

Accrued clinical and pre-clinical costs

 

 

28,884

 

 

 

25,955

 

Accrued income taxes

 

 

12,521

 

 

 

216

 

Accrued professional fees

 

 

12,061

 

 

 

9,381

 

Accrued royalties

 

 

8,636

 

 

 

11,965

 

Accrued milestone and license expense

 

 

7,702

 

 

 

100

 

Accrued interest expense

 

 

4,956

 

 

 

1,045

 

Accrued collaboration cost-sharing

 

 

2,019

 

 

 

2,887

 

Other

 

 

5,314

 

 

 

5,393

 

Total accrued expenses

 

$

418,996

 

 

$

271,697