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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 135,381 $ 142,712
Marketable securities (note 5) 352,164 484,193
Other receivables 1,097 1,469
Prepaid expenses and other current assets 11,610 6,890
Total current assets 500,252 635,264
Marketable securities, long-term (note 5) 137,297 127,496
Operating lease right-of-use asset, net (note 6) 7,290 7,939
Property, plant and equipment, net 9,205 10,278
Deferred tax assets 11,049 9,666
Prepaid expenses, long-term 9,188 7,496
Total assets 674,281 798,139
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 31,588 34,221
Operating lease liability (note 6) 1,459 1,369
Total current liabilities 33,047 35,590
Operating lease liability, long-term (note 6) 7,256 7,646
Total liabilities 40,303 43,236
Shareholders’ equity:    
Common shares, without par value; unlimited shares authorized; issued and outstanding: 76,939,811 (December 31, 2024 - 76,416,086) (note 8) 1,469,196 1,456,836
Additional paid-in capital 213,892 199,149
Accumulated deficit (1,049,223) (899,470)
Accumulated other comprehensive income (loss) 113 (1,612)
Total shareholders' equity 633,978 754,903
Total liabilities and shareholders’ equity 674,281 798,139
Commitments and contingencies (note 11)