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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 116,657 $ 142,712
Marketable securities (note 5) 432,972 484,193
Accounts and other receivable 8,649 1,469
Prepaid expenses and other current assets 7,259 6,890
Total current assets 565,537 635,264
Marketable securities, long-term (note 5) 141,498 127,496
Operating lease right-of-use asset, net (note 6) 7,617 7,939
Property, plant and equipment, net 9,696 10,278
Deferred tax assets 10,879 9,666
Prepaid expenses, long-term 8,053 7,496
Total assets 743,280 798,139
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 30,648 34,221
Operating lease liability (note 6) 1,382 1,369
Total current liabilities 32,030 35,590
Operating lease liability, long-term (note 6) 7,293 7,646
Total liabilities 39,323 43,236
Shareholders’ equity:    
Common shares, without par value; unlimited shares authorized; issued and outstanding: 76,586,359 (December 31, 2024 - 76,416,086) (note 8) 1,460,850 1,456,836
Additional paid-in capital 208,460 199,149
Accumulated deficit (964,517) (899,470)
Accumulated other comprehensive loss (836) (1,612)
Total shareholders' equity 703,957 754,903
Total liabilities and shareholders’ equity 743,280 798,139
Commitments and contingencies (note 11)