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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 122,940 $ 208,892
Short-term investments 62,905 50,441
Accounts receivable 27,844 22,934
Prepaid clinical development costs 373 1,138
Inventories, net 29,232 34,394
Other prepaid and current assets 9,184 11,173
Total current assets 252,478 328,972
Restricted cash 50,000 50,000
Property and equipment, net 361 664
Right of use operating lease assets 1,085 1,898
Intangible assets 56 56
Total assets 303,980 381,590
Current liabilities:    
Accounts payable 12,832 17,559
Accrued clinical development costs 11,420 7,013
Other accrued liabilities 30,066 30,410
Revenue interest liability 21,972 11,295
Deferred revenue from collaborations 5,028 5,683
Operating lease liabilities 957 1,392
Total current liabilities 82,275 73,352
Convertible notes, net of issuance costs 259,080 258,280
Revenue interest liability 253,977 245,744
Operating lease liabilities 135 524
Deferred revenue from collaborations 211 634
Total liabilities 595,678 578,534
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 June 30, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 240,000,000 shares authorized as of June 30, 2022 and 120,000,000 shares authorized as of December 31, 2021; 66,590,172 shares issued at June 30, 2022 and 62,873,694 shares issued at December 31, 2021 65 61
Additional paid-in capital 992,964 964,401
Treasury stock, at cost; 1,994,198 shares at June 30, 2022 and December 31, 2021 (54,998) (54,998)
Accumulated other comprehensive loss (297) (31)
Accumulated deficit (1,229,432) (1,106,377)
Total stockholders’ deficit (291,698) (196,944)
Total liabilities and stockholders’ deficit $ 303,980 $ 381,590