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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 40,014 $ 129,610
Short-term investments 75,870 38,884
Accounts receivable 3,224 3,043
Prepaid expenses and other current assets 3,267 1,215
Total current assets 122,375 172,752
Long-term investments 23,964 14,564
Property and equipment, net 505 663
Restricted cash, long-term 726 816
Operating lease right-of-use asset 5,749 6,578
Goodwill 8,982 8,982
Other assets 0 3
Total assets 162,301 204,358
Current liabilities:    
Accounts payable 6,417 4,166
Accrued liabilities 6,339 3,625
Current portion of operating lease liability 682 1,731
Current portion of long-term debt 0 557
Total current liabilities 13,438 10,079
Long-term operating lease liability 4,358 5,040
Liability related to the sale of future royalties, net 53,798 58,235
Long-term debt, net 0 334
Total liabilities 71,594 73,688
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, $0.01 par value—227,812,500 shares authorized, 91,645,369 shares issued and outstanding at December 31, 2021; 151,875,000 shares authorized, 91,502,461 shares issued and outstanding at December 31, 2020 916 915
Additional paid-in capital 1,182,225 1,176,647
Accumulated deficit (1,092,325) (1,046,889)
Accumulated other comprehensive loss (109) (3)
Total stockholders’ equity 90,707 130,670
Total liabilities and stockholders’ equity $ 162,301 $ 204,358