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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,408 $ 72,428
Short-term investments 27,604 44,261
Accounts receivable 5,623 502
Inventory 4,529 0
Prepaid commercial manufacturing 17,793 9,406
Prepaid expenses and other current assets 5,150 7,052
Total current assets 114,107 133,649
Right-of-use assets 11,054 12,752
Property and equipment, net 1,541 2,362
Other assets 4,908 1,150
Total assets 131,610 149,913
Current liabilities:    
Accounts payable 4,294 4,277
Accrued compensation and benefits 6,405 5,422
Current portion of long-term debt 26,373 32,264
Current portion of operating lease liability 3,691 3,492
Accrued expenses and other current liabilities 7,936 7,366
Total current liabilities 48,699 52,821
Operating lease liability, net of current portion 7,857 9,748
Deferred revenue, non-current 12,421 4,727
Deferred royalty obligation 9,591 0
Total liabilities 78,568 67,296
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 153,797,834 and 130,182,535 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 15 13
Additional paid-in capital 821,075 795,540
Accumulated deficit (767,939) (712,930)
Accumulated other comprehensive loss (109) (6)
Total stockholders’ equity 53,042 82,617
Total liabilities and stockholders’ equity $ 131,610 $ 149,913