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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 41,890 $ 21,470
Short-term investments 144,071 162,829
Accounts receivable 37,241 22,031
Inventory 13,756 12,448
Prepaid commercial manufacturing 14,797 18,925
Prepaid expenses and other current assets 11,265 8,408
Total current assets 263,020 246,111
Inventory, non-current 69,676 37,039
Prepaid commercial manufacturing, non-current 0 4,235
Right-of-use assets 4,324 5,589
Property and equipment, net 1,016 1,009
Other assets 5,452 3,596
Total assets 343,488 297,579
Current liabilities:    
Accounts payable 10,881 11,138
Accrued compensation and benefits 10,458 12,597
Current portion of operating lease liability 3,550 4,435
Deferred revenue 10,829 7,182
Accrued expenses and other current liabilities 26,718 15,041
Total current liabilities 62,436 50,393
Operating lease liability, net of current portion 1,096 1,725
Long-term debt 100,249 49,822
Deferred revenue, non-current 9,613 8,644
Deferred royalty obligation related to the sale of future royalties 23,104 20,179
Total liabilities 196,498 130,763
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.0001 par value; 500,000,000 shares authorized; 235,401,398 and 232,453,190 shares issued and outstanding as of June 30, 2024 and December 31, 2023 23 23
Additional paid-in capital 1,036,244 1,012,773
Accumulated deficit (889,176) (846,204)
Accumulated other comprehensive (loss) income (101) 224
Total stockholders’ equity 146,990 166,816
Total liabilities and stockholders’ equity $ 343,488 $ 297,579