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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 182,132 $ 54,004
Available-for-sale securities 90,763 251,212
Accounts receivable 3,975 933
Related party accounts receivable, net 56,382 63,921
Inventory   1,081
Prepaid expenses and other current assets 8,235 9,030
Total current assets 341,487 380,181
Restricted cash 7,057 8,247
Property and equipment, net 17,854 20,512
Convertible note hedges 171,880 132,521
Intangible assets, net 165,278 166,119
Goodwill 785 785
Other assets 738 1,456
Total assets 705,079 709,821
Current liabilities:    
Accounts payable and related party accounts payable, net 21,190 17,703
Accrued research and development costs 7,454 6,937
Accrued expenses and other current liabilities 30,817 38,301
Current portion of capital lease obligations 5,097 6,227
Current portion of deferred rent 205 7,719
Deferred revenue 225  
Current portion of contingent consideration 14,985 14,244
Total current liabilities 79,973 91,131
Capital lease obligations, net of current portion   82
Deferred rent, net of current portion 3,515 557
Contingent consideration, net of current portion 71,213 63,416
Note hedge warrants 149,458 113,237
Other liabilities 8,190 8,190
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 75,000,000 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,293,292 1,258,398
Accumulated deficit (1,288,548) (1,191,823)
Accumulated other comprehensive loss (24) (7)
Total stockholders’ equity 4,870 66,716
Total liabilities and stockholders’ equity 705,079 709,821
Class A common stock    
Stockholders’ equity:    
Common stock 135 133
Class B common stock    
Stockholders’ equity:    
Common stock 15 15
2.25% Convertible Senior Notes due in 2022    
Current liabilities:    
Notes payable 241,544 234,243
11% PhaRMA Notes    
Current liabilities:    
Notes payable   $ 132,249
8.375% Notes due 2026    
Current liabilities:    
Notes payable $ 146,316