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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 279,947 $ 242,036
Short-term investments (note 5) 131,527 184,318
Accounts receivable 4,576 15,293
Prepaid expenses and other current assets 16,718 13,429
Total current assets 432,768 455,076
Deferred financing fees 848 805
Long-term investments (note 5) 886 25,921
Long-term prepaid assets 2,149 2,290
Deferred tax asset 1,813 1,723
Property and equipment, net 12,305 12,185
Operating lease right-of-use assets 5,433 5,429
Intangible assets, net 4,213 5,303
Acquired in-process research and development (note 6) 17,628 17,628
Goodwill (note 6) 12,016 12,016
Total assets 490,059 538,376
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 43,654 43,655
Fair value of liability classified stock options (note 12) 23,617 39,284
Current portion of operating lease liability (note 11) 2,952 2,710
Other current liabilities 22 17
Total current liabilities 70,245 85,666
Long-term portion of operating lease liability (note 11) 5,333 5,812
Deferred revenue (note 9) 32,941 32,941
Other long-term liabilities (note 7) 2,880 2,857
Deferred tax liability 1,515 1,178
Total liabilities 112,914 128,454
Shareholders’ equity:    
Common shares, no par value; unlimited authorized shares at March 31, 2021 and December 31, 2020, respectively; 46,164,888 and 46,035,389 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively (note 8b) 729,007 724,219
Additional paid-in capital 170,648 163,623
Accumulated other comprehensive loss (6,659) (6,659)
Accumulated deficit (515,851) (471,261)
Total shareholders’ equity 377,145 409,922
Total liabilities and shareholders’ equity 490,059 538,376
Commitments and contingencies (note 13)