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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 144,911 $ 124,775
Short-term investments 17,427 42,086
Accounts receivable 36,415 33,729
Prepaid clinical development costs 6,916 1,026
Inventories, net 39,352 35,201
Other prepaid and current assets 5,584 9,866
Total current assets 250,605 246,683
Property and equipment, net 83 164
Right of use operating lease assets 1,075 1,036
Intangible assets 56 56
Total assets 251,819 247,939
Current liabilities:    
Accounts payable 17,065 23,040
Accrued clinical development costs 4,617 5,426
Other accrued liabilities 34,421 35,191
Revenue interest liability 26,921 24,760
Deferred revenue from collaborations 12,157 3,507
Operating lease liabilities 305 384
Total current liabilities 95,486 92,308
Convertible notes, net of issuance costs 260,316 259,899
Revenue interest liability 224,898 218,845
Operating lease liabilities 782 665
Total liabilities 581,482 571,717
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, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 240,000,000 shares authorized as of March 31, 2023 and as of December 31, 2022; 89,237,167 shares issued at March 31, 2023 and 76,564,396 shares issued at December 31, 2022 87 75
Additional paid-in capital 1,127,004 1,071,183
Treasury stock, at cost; 1,994,198 shares at March 31, 2023 and December 31, 2022 (54,998) (54,998)
Accumulated other comprehensive loss (1) (2)
Accumulated deficit (1,401,755) (1,340,036)
Total stockholders’ deficit (329,663) (323,778)
Total liabilities and stockholders’ deficit $ 251,819 $ 247,939