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ACCRUED EXPENSES
9 Months Ended
Sep. 30, 2023
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

10. ACCRUED EXPENSES

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

 

 

As of
September 30,
2023

 

 

As of
December 31,
2022

 

 

 

(in thousands)

 

Product revenue related reserves

 

$

85,678

 

 

$

68,784

 

Accrued contract manufacturing costs

 

 

60,998

 

 

 

202,173

 

Accrued employee compensation costs

 

 

51,143

 

 

 

65,946

 

Accrued clinical and pre-clinical costs

 

 

40,930

 

 

 

28,884

 

Accrued income taxes

 

 

24,677

 

 

 

12,521

 

Accrued professional fees

 

 

24,050

 

 

 

12,061

 

Accrued royalties

 

 

10,501

 

 

 

8,636

 

Accrued property and equipment purchases

 

 

9,382

 

 

 

984

 

Accrued milestone and license costs

 

 

3,750

 

 

 

7,702

 

Accrued research costs

 

 

3,516

 

 

 

1,629

 

Other

 

 

7,725

 

 

 

9,676

 

Total accrued expenses

 

$

322,350

 

 

$

418,996