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ACCRUED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2023
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
March 31,
2023

 

 

As of
December 31,
2022

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

155,609

 

 

$

202,173

 

Product revenue related reserves

 

 

68,692

 

 

 

68,784

 

Accrued clinical and pre-clinical costs

 

 

35,968

 

 

 

28,884

 

Accrued employee compensation costs

 

 

27,849

 

 

 

65,946

 

Accrued professional fees

 

 

18,972

 

 

 

12,061

 

Accrued income taxes

 

 

16,092

 

 

 

12,521

 

Accrued royalties

 

 

8,383

 

 

 

8,636

 

Accrued fixed assets

 

 

7,451

 

 

 

984

 

Accrued research costs

 

 

2,177

 

 

 

1,629

 

Other

 

 

4,361

 

 

 

17,378

 

Total accrued expenses

 

$

345,554

 

 

$

418,996