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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 304,696 $ 413,083
Short-term investments 1,021,778 1,078,257
Other current assets 16,643 16,643
Total current assets 1,343,117 1,507,983
Property and equipment, net 17,177 15,824
Long-term investment 3,141 8,218
Right-of-use asset 37,229 37,700
Other long-term assets 20,635 19,049
Total assets 1,421,299 1,588,754
Current liabilities    
Accounts payable 27,938 35,163
Accrued liabilities 95,633 108,495
Total current liabilities 123,571 143,658
Lease liability 45,829  
Other liabilities 2,617 2,179
Total liabilities 172,017 191,716
Commitments and contingencies (see Note 9)
Shareholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; none issued and outstanding at both March 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 100,000,000 authorized; 55,511,476 and 55,356,904 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 56 55
Additional paid-in capital 3,145,368 3,099,937
Accumulated other comprehensive income 4,266 9,068
Accumulated deficit (1,900,408) (1,712,022)
Total shareholders' equity 1,249,282 1,397,038
Total liabilities and shareholders' equity $ 1,421,299 $ 1,588,754