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BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 21,470,000 $ 96,140,000
Short-term investments 162,829,000 27,769,000
Accounts receivable 22,031,000 7,733,000
Inventory 12,448,000 3,282,000
Prepaid commercial manufacturing 18,925,000 13,567,000
Prepaid expenses and other current assets 8,408,000 5,112,000
Total current assets 246,111,000 153,603,000
Property and equipment, net 1,009,000 1,223,000
Inventory, non-current 37,039,000 25,064,000
Prepaid commercial manufacturing, non-current 4,235,000 0
Right-of-use assets 5,589,000 9,295,000
Other assets 3,596,000 881,000
Total assets 297,579,000 190,066,000
Current liabilities:    
Accounts payable 11,138,000 10,859,000
Accrued compensation and benefits 12,597,000 7,548,000
Current portion of operating lease liability 4,435,000 3,894,000
Current portion of long-term debt 0 26,711,000
Deferred revenue 7,182,000 4,211,000
Accrued expenses and other current liabilities 15,041,000 12,380,000
Total current liabilities 50,393,000 65,603,000
Operating lease liability, net of current portion 1,725,000 5,855,000
Long-term debt, net of current portion 49,822,000 0
Deferred revenue, non-current 8,644,000 9,025,000
Deferred royalty obligation related to the sale of future royalties 20,179,000 11,254,000
Total liabilities 130,763,000 91,737,000
Commitments and contingencies (Note 20)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 500,000,000 and 300,000,000 shares authorized; 232,453,190 and 198,575,016 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively. 23,000 20,000
Additional paid-in capital 1,012,773,000 878,500,000
Accumulated deficit (846,204,000) (780,137,000)
Accumulated other comprehensive income (loss) 224,000 (54,000)
Total stockholders’ equity 166,816,000 98,329,000
Total liabilities and stockholders’ equity $ 297,579,000 $ 190,066,000