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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net Income (Loss) $ 169,695 $ (24,526)
Non-cash items:    
Depreciation 11 330
Loss on impairment of leasehold improvements and lab equipment 0 2,811
Stock-based compensation expense 1,359 3,564
Change in fair value of contingent consideration 209 299
Non-cash royalty revenue (181) (448)
Non-cash interest expense 17 28
Net accretion and amortization of investments in marketable securities (354) (718)
Net change in operating items:    
Accounts receivable 1,160 1,227
Increase (Decrease) in Accounts and Other Receivables (178,741) 0
Prepaid expenses and other assets (195) 413
Accounts payable and accrued liabilities (985) 4,545
Change in deferred license revenue 0 (812)
Other liabilities (105) (104)
Net cash used in operating activities (8,110) (13,391)
INVESTING ACTIVITIES    
Purchase of investments in marketable securities (13,800) (34,716)
Disposition of investments in marketable securities 16,000 46,065
Net cash provided by investing activities 2,199 11,349
FINANCING ACTIVITIES    
Issuance of common shares pursuant to exercise of stock options 11,531 2,653
Issuance of common shares pursuant to ESPP 88 131
Net cash provided by financing activities 11,619 2,784
Effect of foreign exchange rate changes on cash and cash equivalents (10) 4
Increase in cash and cash equivalents 5,698 746
Cash and cash equivalents, beginning of period 18,008 36,330
Cash and cash equivalents, end of period $ 23,706 $ 37,076