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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 378,021 $ 88,980
Short-term marketable securities 127,255 259,586
Accounts receivable, net of allowances of $0 and $992 at December 31, 2018 and 2017, respectively 620 2,253
Receivables from collaborative arrangements 10,053 7,109
Prepaid taxes 310 291
Other prepaid and current assets 16,564 3,700
Inventories 0 16,830
Total current assets 532,823 378,749
Property and equipment, net 13,176 10,157
Long-term marketable securities 11,869 41,587
Tax receivable   8,191
Restricted cash 833 833
Other assets 1,534 1,883
Total assets 560,235 441,400
Current liabilities:    
Accounts payable 9,028 5,924
Accrued personnel-related expenses 23,803 24,136
Accrued clinical and development expenses 11,876 20,657
Other accrued liabilities 10,445 11,710
Deferred revenue 43,402 125
Total current liabilities 98,554 62,552
Convertible senior notes due 2023, net 224,818 223,746
Non-recourse notes due 2033, net 229,535  
Deferred rent 7,976 3,668
Long-term deferred revenue 26,179 1,436
Other long-term liabilities 24,762 34,820
Commitments and contingencies (Notes 2, 11 and 13)
Shareholders’ (Deficit) Equity    
Preferred shares, $0.00001 par value: 230 shares authorized, no shares issued or outstanding at December 31, 2018 and 2017, respectively
Ordinary shares, $0.00001 par value: 200,000 shares authorized; 55,681 and 54,381 shares issued and outstanding at December 31, 2018 and 2017, respectively 1 1
Additional paid-in capital 960,721 913,650
Accumulated other comprehensive loss (166) (733)
Accumulated deficit (1,012,145) (797,740)
Total shareholders’ (deficit) equity (51,589) 115,178
Total liabilities and shareholders’ (deficit) equity $ 560,235 $ 441,400