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Inventories

3 Months Ended

Mar. 31, 2013

The following table sets forth the Company's inventories by product:



	As of March 31, 2013		As of December 31, 2012
	(in thousands)
INCIVEK	$	12,754	$	22,792
KALYDECO	8,778		7,672
Total	$	21,532	$	30,464

The following table sets forth the Company’s inventories by type:



	As of March 31, 2013		As of December 31, 2012
	(in thousands)
Raw materials	$	4,796	$	3,754
Work-in-process	2,930		11,317
Finished goods	13,806		15,393
Total	$	21,532	$	30,464

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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