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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 39,933 $ 85,388  
Short-term marketable securities 297,218 284,522  
Accounts receivable 8,173 8,614  
Prepaid expenses and other current assets 13,245 13,263  
Income tax receivable 31,734 31,004  
Total current assets 390,303 422,791  
Property and equipment, net 12,119 11,919  
Operating lease, right-of-use assets 21,344 22,794  
Restricted cash 3,968 3,968  
Other long-term assets 765 803  
Total assets 428,499 462,275  
Current liabilities:      
Accounts payable 9,326 4,097  
Accrued expenses and other current liabilities 11,603 18,339  
Liability related to the sale of future royalties 36,512 35,076  
Operating lease liabilities 4,966 5,275  
Total current liabilities 62,407 62,787  
Liability related to the sale of future royalties, net of current portion 151,612 159,429  
Operating lease liabilities, net of current portion 20,524 21,238  
Series 1 nonconvertible preferred stock 1,423 1,423  
Other long-term liabilities 649 663  
Total liabilities 236,615 245,540  
Commitments and contingencies (Note 11)  
Stockholders' equity:      
Common stock; $0.01 par value per share, 100,000 shares authorized; 21,156 and 21,059 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively 212 211  
Additional paid-in capital 432,608 424,693  
Accumulated other comprehensive loss (534) (1,174)  
Accumulated deficit (240,402) (206,995)  
Total stockholders' equity 191,884 216,735 $ 300,837
Total liabilities and stockholders' equity $ 428,499 $ 462,275