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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 208,892 $ 304,962
Short-term investments 50,441 0
Accounts receivable 22,934 12,388
Inventories, net 34,394 16,136
Prepaid clinical development costs 1,138 844
Other prepaid and current assets 11,173 11,566
Total current assets 328,972 345,896
Restricted cash 50,000 0
Property and equipment, net 664 1,276
Right of use operating lease assets 1,898 6,030
Intangible assets 56 56
Total assets 381,590 353,258
Current liabilities:    
Accounts payable 17,559 51,975
Accrued clinical development costs 7,013 7,663
Other accrued liabilities 30,410 24,790
Revenue interest liability 11,295 5,392
Deferred revenue from collaborations 5,683 1,662
Operating lease liabilities 1,392 2,587
Total current liabilities 73,352 94,069
Convertible notes, net of issuance costs 258,280 179,367
Revenue interest liability 245,744 171,212
Operating lease liabilities 524 3,454
Deferred revenue from collaborations 634 0
Other long-term liabilities 0 1,290
Total liabilities 578,534 449,392
Commitments and contingencies (Note 5)
Stockholders’ (deficit) equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding as of December 31, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 62,873,694 shares issued at December 31, 2021 and 27,910,366 shares issued at December 31, 2020 61 26
Additional paid-in capital 964,401 797,655
Treasury stock, at cost; 1,994,198 shares at December 31, 2021 and December 31, 2020 (54,998) (54,998)
Accumulated other comprehensive loss (31) 0
Accumulated deficit (1,106,377) (838,817)
Total stockholders' deficit (196,944) (96,134)
Total liabilities and stockholders' deficit $ 381,590 $ 353,258