XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net product sales $ 51,139 $ 44,373 $ 147,338 $ 128,651
Operating expenses:        
Cost of goods sold 1,189 1,513 4,054 3,509
Research and development 32,349 33,220 93,387 104,597
Selling, general and administrative 31,951 29,779 100,061 101,418
Changes in the fair value of contingent consideration 5,085 (702) 7,448 5,820
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)
Impairment of long-term investment 0 15,000 0 15,000
Total operating expenses 70,574 78,810 204,950 237,844
Operating loss (19,435) (34,437) (57,612) (109,193)
Other income (expenses), net:        
Other income (expense), net 553 (496) 788 (673)
Interest income 1,123 2,467 4,414 7,875
Interest expense (4,767) (4,547) (14,287) (14,230)
Total other expense, net (3,091) (2,576) (9,085) (7,028)
Loss before income taxes (22,526) (37,013) (66,697) (116,221)
Income tax (expense) benefit (23) 523 18,888 53
Net income (loss) $ (22,549) $ (36,490) $ (47,809) $ (116,168)
Net income (loss) per common share, basic and diluted (in dollars per share) $ (0.44) $ (0.85) $ (1.03) $ (2.76)
Weighted average common shares outstanding, basic and diluted (in shares) 50,929,575 42,943,828 46,289,103 42,109,618
Comprehensive loss:        
Net income (loss) $ (22,549) $ (36,490) $ (47,809) $ (116,168)
Foreign currency translation (564) 315 (620) 342
Unrealized gain (loss) on debt securities (480) 75 250 2,359
Comprehensive loss $ (23,593) $ (36,100) $ (48,179) $ (113,467)