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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net loss $ (125,551) $ (66,150) $ (77,187)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 16,395 7,899 8,353
Operating lease right-of-use asset amortization 1,962 1,775 1,792
Net amortization of premium (accretion of discount) on marketable securities 1,830 37 (594)
Depreciation and amortization 813 948 732
Change in deferred tax asset   1,438 (775)
Loss on early repayment of debt   585  
Gain on disposal of property and equipment     8
Changes in operating assets and liabilities:      
Research and development tax incentive receivable (1,775) (990) 1,411
Receivable from collaboration partner - related party 860 4,329 (2,168)
Prepaid expenses and other assets (3,227) (1,102) (2,820)
Accounts payable (1,390) 309 (3,000)
Payable to collaboration partner - related party (1,833) 1,471 201
Accrued expenses and other payables 19,097 5,840 1,098
Deferred revenue - related party (12,876) (27,053) 33,307
Operating lease liability (2,049) (1,941) (1,885)
Other liabilities (121) 121  
Net cash used in operating activities (107,865) (72,484) (41,527)
Cash Flows from Investing Activities      
Purchase of marketable securities (286,589) (280,027) (166,936)
Proceeds from maturities of marketable securities 271,830 189,533 114,193
Purchases of property and equipment (1,101) (471) (967)
Net cash used in investing activities (15,860) (90,965) (53,710)
Cash Flows from Financing Activities      
Proceeds from public offering of common stock, net of issuance costs 123,829 213,303  
Proceeds from issuance of common stock upon exercise of stock options and purchases under employee stock purchase plan 6,283 2,799 1,779
Tax withholding payments related to net settlement of restricted stock units (189)    
Proceeds from at-the-market offering, net of issuance costs   42,062 34,492
Early repayment of long-term debt   (10,524)  
Issuance costs related to long-term debt   (14)  
Proceeds from issuance of long-term debt, net of issuance costs     9,765
Net cash provided by financing activities 129,923 247,626 46,036
Effect of exchange rate changes on cash, cash equivalents and restricted cash (126) 175 (26)
Net increase (decrease) in cash, cash equivalents and restricted cash 6,072 84,352 (49,227)
Cash, cash equivalents and restricted cash, beginning of period 117,818 33,466 82,693
Cash, cash equivalents and restricted cash, end of period 123,890 117,818 33,466
Supplemental Disclosure of Non-Cash Financing and Investing Information:      
Cash paid for interest   438 70
Purchases of property and equipment in accounts payable and accrued liabilities 143 85 100
Public Offering | Accrued liabilities and other payables      
Supplemental Disclosure of Non-Cash Financing and Investing Information:      
Issuance costs related to common stock offering $ 25 205 $ 80
Public Offering | Prepaid expenses and other assets      
Supplemental Disclosure of Non-Cash Financing and Investing Information:      
Issuance costs related to common stock offering   124  
At-the-market offering | Prepaid expenses and other assets      
Supplemental Disclosure of Non-Cash Financing and Investing Information:      
Issuance costs related to common stock offering   $ 191