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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 37,903 $ 51,775
Marketable securities   48,983
Accounts receivable, net - related party 407 2,765
Inventory, net 900 2,821
Income tax receivable   697
Other receivables 4,088 555
Prepaid expenses 529 8,154
Restricted cash   408
Total current assets 43,827 116,158
Operating lease right-of-use assets   4,864
Property and equipment, net   3,322
Restricted cash, non-current   1,500
Total assets 43,827 125,844
Current liabilities:    
Accounts payable and accrued expenses 3,972 25,592
Total current liabilities 3,972 25,592
Liability related to sales of future royalties and milestones, net 44,448 37,079
Operating lease liabilities, non-current   6,088
Total liabilities 48,420 68,759
Commitments and contingencies (Note 19)
Stockholders' equity:    
Preferred stock; $0.001 par value; 5,000,000 shares authorized at December 31, 2024 and December 31, 2023, zero shares issued and outstanding at December 31, 2024 and December 31, 2023
Common stock; $0.001 par value; 16,666,667 shares and 8,333,333 shares authorized at December 31, 2024 and December 31, 2023, respectively, 4,571,229 shares and 4,540,059 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 5 5
Additional paid-in capital 751,014 742,085
Accumulated deficit (755,612) (684,745)
Accumulated other comprehensive loss   (260)
Total stockholders' equity (4,593) 57,085
Total liabilities and stockholders' equity $ 43,827 $ 125,844