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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (41,727) $ (19,670)
Items not involving cash:    
Depreciation 354 376
Deferred income tax expense 288 258
Stock-based compensation 5,994 3,614
Unrealized foreign exchange gain (5) (142)
Unrealized fair value (gain) loss on trading securities (1,878) 3,362
Changes in operating assets and liabilities:    
Accounts receivable 226 (155)
Prepaid expenses and other current assets 2,931 (272)
Accounts payable and accrued expenses (594) (5,799)
Net cash used in operating activities (34,411) (18,428)
Investing activities:    
Purchases of property, plant and equipment (2,206) (212)
Purchases of marketable securities (108,282) (68,956)
Proceeds from marketable securities 157,110 20,280
Net cash provided by (used in) investing activities 46,622 (48,888)
Financing activities:    
Issuance of common shares, net of issuance costs (note 8a)   7,876
Net cash provided by financing activities   7,876
Effect of exchange rate changes on cash and cash equivalents 59 293
Increase (decrease) in cash and cash equivalents 12,270 (59,147)
Cash and cash equivalents, beginning of period 57,242 175,688
Cash and cash equivalents, end of period 69,512 116,541
Supplemental disclosures:    
Interest received 3,098 1,682
Cash paid for operating lease 406 203
Supplemental disclosures of non-cash transactions:    
Fair value of stock options exercised on a cashless basis 635 $ 1,529
Fair value of pre-funded warrants exercised 7,379  
Increase in operating lease liability and accounts receivable related to lease incentives claimed in the period $ 1,482