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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 103,500 $ 181,724
Marketable securities 172,599 105,113
Accounts receivable 2,947 10,061
Prepaid expenses and other current assets 6,727 3,741
Total current assets 285,773 300,639
Marketable securities 53,933 68,215
Property and equipment, net 18,263 18,935
Restricted cash 2,074 2,074
Operating lease right-of-use assets 53,922 55,385
Investment in equity securities 41,200 41,200
Equity method investment 7,201 8,205
Intangible assets, net 25,580 26,009
In-process research & development 36,550 36,550
Goodwill 117 117
Other assets 6,657 6,474
Total assets 531,270 563,803
Current liabilities:    
Accounts payable 9,039 8,580
Accrued and other current liabilities 12,946 17,104
Operating lease liabilities 4,581 4,401
Contingent value rights liability 10,000 10,000
Total current liabilities 36,566 40,085
Contingent value rights liability - non-current 23,963 24,591
Contingent consideration liability 4,750 5,160
Deferred tax liabilities 735 735
Operating lease liabilities, net of current maturities 38,461 39,589
Total liabilities 104,475 110,160
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized as of March 31, 2022 and December 31, 2021; no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $0.0001 par value; 300,000 shares authorized as of March 31, 2022 and December 31, 2021; 55,117 and 54,761 shares issued and outstanding at March 31, 2022 and December 31, 2021 6 5
Additional paid-in capital 691,776 685,459
Accumulated deficit (263,450) (231,766)
Accumulated other comprehensive loss (1,537) (55)
Total stockholders’ equity 426,795 453,643
Total liabilities and stockholders’ equity $ 531,270 $ 563,803