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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 150,364 $ 208,892
Short-term investments 68,138 50,441
Accounts receivable 25,116 22,934
Prepaid clinical development costs 698 1,138
Inventories, net 35,654 34,394
Other prepaid and current assets 10,849 11,173
Total current assets 290,819 328,972
Restricted cash 50,000 50,000
Property and equipment, net 511 664
Right of use operating lease assets 1,467 1,898
Intangible assets 56 56
Total assets 342,853 381,590
Current liabilities:    
Accounts payable 26,829 17,559
Accrued clinical development costs 3,652 7,013
Other accrued liabilities 30,200 30,410
Revenue interest liability 13,392 11,295
Deferred revenue from collaborations 3,795 5,683
Operating lease liabilities 1,217 1,392
Total current liabilities 79,085 73,352
Convertible notes, net of issuance costs 258,678 258,280
Revenue interest liability 253,445 245,744
Operating lease liabilities 263 524
Deferred revenue from collaborations 422 634
Total liabilities 591,893 578,534
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 March 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 63,052,765 shares issued at March 31, 2022 and 62,873,694 shares issued at December 31, 2021 61 61
Additional paid-in capital 969,268 964,401
Treasury stock, at cost; 1,994,198 shares at March 31, 2022 and December 31, 2021 (54,998) (54,998)
Accumulated other comprehensive loss (263) (31)
Accumulated deficit (1,163,108) (1,106,377)
Total stockholders’ deficit (249,040) (196,944)
Total liabilities and stockholders’ deficit $ 342,853 $ 381,590