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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 189,304 $ 82,248
Accounts receivable 60,360 48,494
Prepaid clinical development costs 349 193
Inventories, net 84,469 65,623
Other prepaid and current assets 10,626 4,507
Total current assets 345,108 201,065
Property and equipment, net 307 0
Right of use operating lease assets 6,848 4,675
Intangible assets 56 56
Total assets 352,319 205,796
Current liabilities:    
Accounts payable 47,669 31,718
Accrued clinical development costs 3,419 3,441
Accrued variable consideration 44,851 34,284
Other accrued liabilities 23,294 24,998
Revenue interest liability 0 34,828
Royalty sale liability 32,754 0
Deferred revenue from collaborations 20,672 25,402
Operating lease liabilities 2,679 1,553
Total current liabilities 175,338 156,224
Convertible notes, net of issuance costs 262,475 261,596
Revenue interest liability 0 239,950
Royalty sale liability 254,745 0
Operating lease liabilities 3,981 3,020
Total liabilities 696,539 660,790
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 June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 480,000,000 shares authorized as of June 30, 2024 and 480,000,000 shares authorized as of December 31, 2023; 196,619,606 shares issued at June 30, 2024 and 120,204,513 shares issued at December 31, 2023 195 118
Additional paid-in capital 1,260,770 1,149,170
Treasury stock, at cost; 1,994,198 shares at June 30, 2024 and December 31, 2023 (54,998) (54,998)
Accumulated other comprehensive income (loss) 0 0
Accumulated deficit (1,550,187) (1,549,284)
Total stockholders’ deficit (344,220) (454,994)
Total liabilities and stockholders’ deficit $ 352,319 $ 205,796