XML 16 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 64,932 $ 21,470
Short-term investments 185,168 162,829
Accounts receivable 57,705 22,031
Inventory 21,173 12,448
Prepaid commercial manufacturing 16,378 18,925
Prepaid expenses and other current assets 11,096 8,408
Total current assets 356,452 246,111
Property and equipment, net 1,495 1,009
Inventory, non-current 70,011 37,039
Prepaid commercial manufacturing, non-current 0 4,235
Right-of-use assets 2,380 5,589
Other assets 5,416 3,596
Total assets 435,754 297,579
Current liabilities    
Accounts payable 16,000 11,138
Accrued compensation and benefits 14,940 12,597
Current portion of operating lease liability 1,562 4,435
Deferred revenue 10,686 7,182
Accrued expenses and other current liabilities 34,642 15,041
Total current liabilities 77,830 50,393
Operating lease liability, net of current portion 1,023 1,725
Long-term debt, net of current portion 150,853 49,822
Deferred revenue, non-current 7,232 8,644
Deferred royalty obligation related to the sale of future royalties 25,527 20,179
Total liabilities 262,465 130,763
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.0001 par value; 500,000,000 shares authorized; 238,015,825 and 232,453,190 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. 24 23
Additional paid-in capital 1,058,548 1,012,773
Accumulated deficit (885,340) (846,204)
Accumulated other comprehensive income 57 224
Total stockholders’ equity 173,289 166,816
Total liabilities and stockholders’ equity $ 435,754 $ 297,579