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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 375,693 $ 137,636
Accounts receivable, net 57,172 53,514
Inventory 18,014 15,644
Prepaid expenses and other current assets 23,550 12,535
Total current assets 474,429 219,329
Operating lease right-of-use asset 2,371 2,508
Property and equipment, net 1,227 1,195
License and acquired intangibles, net 175,361 194,049
Deferred tax assets, net 39,889 36,544
Investment in equity securities 13,083 16,489
Total assets 706,360 470,114
Current Liabilities:    
Accounts payable 7,116 14,795
Accrued expenses and other liabilities 85,202 61,268
Total current liabilities 92,318 76,063
Operating lease liability, net of current portion 2,991 3,188
Other non-current liabilities 2,396 2,982
Total liabilities 97,705 82,233
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized: none issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 118,521,366 shares and 107,121,549 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 119 107
Additional paid-in capital 423,195 266,488
Retained earnings 185,341 121,272
Accumulated other comprehensive income (Note 4) 0 14
Total stockholders' equity 608,655 387,881
Total liabilities and stockholders' equity $ 706,360 $ 470,114