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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 118,495 $ 115,438
Marketable securities 231,881 262,887
Accounts receivable 2,444 1,091
Prepaid expenses and other current assets 5,824 6,176
Total current assets 358,644 385,592
Marketable securities 7,002 6,989
Property and equipment, net 16,974 16,908
Restricted cash 2,074 2,074
Operating lease right-of-use assets 47,345 48,970
Investment in equity securities 41,200 41,200
Equity method investment 2,653 4,071
Intangible assets, net 23,854 24,287
In-process research & development 36,550 36,550
Goodwill 117 117
Other assets 7,462 7,326
Total assets 543,875 574,084
Current liabilities:    
Accounts payable 9,774 9,751
Accrued and other current liabilities 33,605 33,636
Operating lease liabilities 5,085 4,948
Contingent value rights liability 2,500 2,500
Total current liabilities 50,964 50,835
Contingent value rights liability - non-current 37,794 37,318
Contingent consideration liability 4,470 4,420
Deferred tax liabilities 5,076 5,076
Operating lease liabilities, net of current maturities 33,178 34,494
Total liabilities 131,482 132,143
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized as of March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.0001 par value; 300,000 shares authorized as of March 31, 2023 and December 31, 2022; 66,822 and 165,471 shares issued and outstanding at March 31, 2023 and December 31, 2022 7 7
Additional paid-in capital 893,905 864,729
Accumulated deficit (479,808) (419,631)
Accumulated other comprehensive loss (1,711) (3,164)
Total stockholders’ equity 412,393 441,941
Total liabilities and stockholders’ equity $ 543,875 $ 574,084