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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 103,672 $ 304,962
Accounts receivable 21,710 12,388
Prepaid clinical development costs 986 844
Inventories, net 33,972 16,136
Other prepaid and current assets 10,328 11,566
Total current assets 170,668 345,896
Restricted cash 50,000 0
Property and equipment, net 817 1,276
Right of use operating lease assets 3,715 6,030
Intangible assets 56 56
Total assets 225,256 353,258
Current liabilities:    
Accounts payable 20,745 51,975
Accrued clinical development costs 3,746 7,663
Other accrued liabilities 34,476 24,790
Revenue interest liability 14,048 5,392
Deferred revenue from collaborations 3,068 1,662
Operating lease liabilities 2,402 2,587
Total current liabilities 78,485 94,069
Convertible notes, net of issuance costs 272,508 179,367
Revenue interest liability 233,520 171,212
Operating lease liabilities 1,313 3,454
Deferred revenue from collaborations 845 0
Other long-term liabilities 1,290 1,290
Total liabilities 587,961 449,392
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding as of September 30, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 28,794,567 shares issued at September 30, 2021 and 27,910,366 shares issued at December 31, 2020 27 26
Additional paid-in capital 733,524 797,655
Treasury stock, at cost; 1,994,198 shares at September 30, 2021 and December 31, 2020 (54,998) (54,998)
Accumulated deficit (1,041,258) (838,817)
Total stockholders’ deficit (362,705) (96,134)
Total liabilities and stockholders’ deficit $ 225,256 $ 353,258