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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 189,485 $ 128,451
Short-term investments (note 5) 298,179 170,453
Accounts receivable 8,653 2,185
Prepaid expenses and other current assets 8,291 10,741
Total current assets 504,608 311,830
Deferred financing fees 590 650
Long-term investments (note 5) 75,758 0
Long-term prepaid assets 2,277 2,306
Deferred tax asset 459 1,218
Property and equipment, net 11,032 11,100
Operating lease right-of-use assets 6,320 5,400
Intangible assets, net 5,890 6,057
Acquired in-process research and development (note 6) 17,628 17,628
Goodwill (note 6) 12,016 12,016
Total assets 636,578 368,205
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 37,234 35,691
Fair value of liability classified options (note 12) 33,899 45,569
Current portion of operating lease liability (note 11) 1,749 1,282
Other current liabilities 23 10
Total current liabilities 72,905 82,552
Long-term portion of operating lease liability (note 11) 7,258 5,599
Long-term portion of deferred revenue (note 9) 32,941 32,941
Other long-term liabilities (note 7) 1,055 1,024
Deferred tax liability 0 408
Total liabilities 114,159 122,524
Shareholders’ equity:    
Common shares, no par value; unlimited authorized shares at March 31, 2020 and December 31, 2019, respectively; 45,533,201 and 39,564,529 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively (note 8b) 707,610 450,210
Additional paid-in capital 143,313 92,839
Accumulated other comprehensive loss (6,659) (6,659)
Accumulated deficit (321,845) (290,709)
Total shareholders’ equity 522,419 245,681
Total liabilities and shareholders’ equity 636,578 368,205
Commitments and contingencies (note 13)