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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,468 $ 40,014
Short-term investments 102,185 75,870
Accounts receivable 2,060 3,224
Prepaid expenses and other current assets 3,426 3,267
Total current assets 126,139 122,375
Long-term investments 0 23,964
Property and equipment, net 479 505
Restricted cash, long-term 726 726
Operating lease right-of-use asset 4,413 5,749
Goodwill 8,982 8,982
Total assets 140,739 162,301
Current liabilities:    
Accounts payable 4,281 6,417
Accrued liabilities 4,586 6,339
Current portion of operating lease liability 824 682
Total current liabilities 9,691 13,438
Long-term operating lease liability 2,941 4,358
Liability related to the sale of future royalties, net 52,133 53,798
Total liabilities 64,765 71,594
Stockholders’ equity:    
Common stock, $0.01 par value—227,812,500 shares authorized; 91,645,369 shares issued and outstanding at March 31, 2022; 227,812,500 shares authorized; 91,645,369 shares issued and outstanding at December 31, 2021 916 916
Additional paid-in capital 1,183,943 1,182,225
Accumulated deficit (1,108,434) (1,092,325)
Accumulated other comprehensive loss (451) (109)
Total stockholders’ equity 75,974 90,707
Total liabilities and stockholders’ equity $ 140,739 $ 162,301