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ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2021
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

June 30,

2021

 

 

As of

December 31,

2020

 

 

 

(in thousands)

 

Accrued contract manufacturing costs

 

$

70,453

 

 

$

36,543

 

Product revenue related reserves

 

 

49,153

 

 

 

42,618

 

Accrued milestone and license expense

 

 

38,109

 

 

 

9,380

 

Accrued employee compensation costs

 

 

31,222

 

 

 

50,803

 

Accrued clinical and pre-clinical costs

 

 

25,284

 

 

 

22,169

 

Accrued royalties

 

 

9,201

 

 

 

7,793

 

Accrued professional fees

 

 

8,648

 

 

 

10,221

 

Accrued collaboration cost sharing

 

 

1,494

 

 

 

3,516

 

Accrued property and equipment

 

 

1,186

 

 

 

4,993

 

Accrued interest expense

 

 

1,045

 

 

 

1,045

 

Other

 

 

4,346

 

 

 

4,472

 

Total accrued expenses

 

$

240,141

 

 

$

193,553