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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 34,217 $ 37,903
Accounts receivable, net - related party 1,229 407
Inventory, net 900 900
Other receivables 1,009 4,088
Prepaid expenses 1,592 529
Total assets 38,947 43,827
Current liabilities:    
Accounts payable and accrued expenses 1,199 3,972
Total current liabilities 1,199 3,972
Liability related to sales of future royalties and milestones, net 45,821 44,448
Total liabilities 47,020 48,420
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock; $0.001 par value; 5,000,000 shares authorized at March 31, 2025 and December 31, 2024, zero shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock; $0.001 par value; 16,666,667 shares authorized at March 31, 2025 and December 31, 2024, 1,524,535 shares and 1,523,743 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 752,443 751,017
Accumulated deficit (760,518) (755,612)
Accumulated other comprehensive loss
Total stockholders' equity (8,073) (4,593)
Total liabilities and stockholders' equity $ 38,947 $ 43,827