XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net product sales $ 48,430 $ 44,707 $ 96,199 $ 84,277
Operating expenses:        
Cost of goods sold 1,494 979 2,864 1,996
Research and development 30,790 37,934 61,038 71,377
Selling, general and administrative 34,971 38,970 68,110 71,639
Changes in the fair value of contingent consideration 4,286 3,353 2,363 6,522
Write off of L-UDCA IPR&D intangible asset 0 0 0 25,500
Write off of L-UDCA contingent consideration 0 0 0 (18,000)
Total operating expenses 71,541 81,236 134,375 159,034
Operating loss (23,111) (36,529) (38,176) (74,757)
Other income (expenses), net:        
Other income (expense), net 426 125 235 (177)
Interest income 1,316 2,589 3,291 5,408
Interest expense (4,634) (4,817) (9,521) (9,682)
Total other expense, net (2,892) (2,103) (5,995) (4,451)
Loss before income taxes (26,003) (38,632) (44,171) (79,208)
Income tax (expense) benefit (65) (69) 18,911 (470)
Net income (loss) $ (26,068) $ (38,701) $ (25,260) $ (79,678)
Net income (loss) per common share, basic and diluted (in dollars per share) $ (0.58) $ (0.92) $ (0.57) $ (1.91)
Weighted average common shares outstanding, basic and diluted (in shares) 44,763,843 41,957,860 43,943,370 41,685,599
Comprehensive loss:        
Net income (loss) $ (26,068) $ (38,701) $ (25,260) $ (79,678)
Foreign currency translation (247) (91) (56) 27
Unrealized gain on debt securities 3,146 815 729 2,284
Comprehensive loss $ (23,169) $ (37,977) $ (24,587) $ (77,367)