XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 226,609 $ 82,248
Accounts receivable 54,612 48,494
Prepaid clinical development costs 0 193
Inventories, net 73,095 65,623
Other prepaid and current assets 11,290 4,507
Total current assets 365,606 201,065
Noncurrent assets:    
Property and equipment, net 268 0
Right of use operating lease assets 7,130 4,675
Intangible assets 56 56
Total assets 373,060 205,796
Current liabilities:    
Accounts payable 28,433 31,718
Accrued clinical development costs 3,046 3,441
Accrued variable consideration 34,518 34,284
Other accrued liabilities 23,140 24,998
Revenue interest liability 43,486 34,828
Deferred revenue from collaborations 29,350 25,402
Operating lease liabilities 2,539 1,553
Total current liabilities 164,512 156,224
Noncurrent liabilities:    
Convertible notes, net of issuance costs 262,033 261,596
Revenue interest liability 236,397 239,950
Operating lease liabilities 4,416 3,020
Total liabilities 667,358 660,790
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, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 480,000,000 shares authorized as of March 31, 2024 and 480,000,000 shares authorized as of December 31, 2023; 189,849,296 shares issued at March 31, 2024 and 120,204,513 shares issued at December 31, 2023 188 118
Additional paid-in capital 1,248,774 1,149,170
Treasury stock, at cost; 1,994,198 shares at March 31, 2024 and December 31, 2023 (54,998) (54,998)
Accumulated other comprehensive income (loss) 0 0
Accumulated deficit (1,488,262) (1,549,284)
Total stockholders’ deficit (294,298) (454,994)
Total liabilities and stockholders’ deficit $ 373,060 $ 205,796