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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 47,429 $ 21,470
Short-term investments 142,973 162,829
Accounts receivable 53,195 22,031
Inventory 11,378 12,448
Prepaid commercial manufacturing 16,663 18,925
Prepaid expenses and other current assets 12,460 8,408
Total current assets 284,098 246,111
Inventory, non-current 73,780 37,039
Prepaid commercial manufacturing, non-current 0 4,235
Right-of-use assets 3,625 5,589
Property and equipment, net 1,028 1,009
Other assets 5,332 3,596
Total assets 367,863 297,579
Current liabilities:    
Accounts payable 15,824 11,138
Accrued compensation and benefits 11,541 12,597
Current portion of operating lease liability 2,567 4,435
Deferred revenue 7,272 7,182
Accrued expenses and other current liabilities 33,295 15,041
Total current liabilities 70,499 50,393
Operating lease liability, net of current portion 1,218 1,725
Long-term debt 100,707 49,822
Deferred revenue, non-current 12,770 8,644
Deferred royalty obligation related to the sale of future royalties 24,372 20,179
Total liabilities 209,566 130,763
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.0001 par value; 500,000,000 shares authorized; 236,890,431 and 232,453,190 shares issued and outstanding as of September 30, 2024 and December 31, 2023 24 23
Additional paid-in capital 1,048,073 1,012,773
Accumulated deficit (889,985) (846,204)
Accumulated other comprehensive income 185 224
Total stockholders’ equity 158,297 166,816
Total liabilities and stockholders’ equity $ 367,863 $ 297,579