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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 121,424 $ 81,467
Short-term marketable securities 94,789 211,474
Receivables from collaborative arrangements 14,001 15,868
Amounts due from TRC, LLC 43,773 53,799
Prepaid clinical and development services 13,242 20,374
Other prepaid and current assets 9,943 10,359
Total current assets 297,172 393,341
Property and equipment, net 16,003 16,422
Operating lease assets 40,718 43,260
Equity in net assets of TRC, LLC 45,086 12,750
Restricted cash 833 833
Other assets 3,297 2,451
Total assets 403,109 469,057
Current liabilities:    
Accounts payable 8,900 6,775
Accrued personnel-related expenses 8,635 35,238
Accrued clinical and development expenses 20,607 28,799
Accrued general and administrative expenses 3,854 6,048
Accrued interest payable 5,808 3,974
Current portion of non-recourse notes due 2035, net 12,530 19,334
Operating lease liabilities 1,016 9,867
Deferred revenue 2,902 11,523
Other accrued liabilities 1,830 2,013
Total current liabilities 66,082 123,571
Convertible senior notes due 2023, net 227,767 226,963
Non-recourse notes due 2035, net 375,570 372,873
Long-term operating lease liabilities 54,353 47,220
Long-term deferred revenue 320 348
Other long-term liabilities 2,609 1,833
Commitments and contingencies
Shareholders' Deficit    
Preferred shares, $0.00001 par value: 230 shares authorized, no shares issued or outstanding
Ordinary shares, $0.00001 par value: 200,000 shares authorized; 73,698 and 64,328 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 1,370,402 1,222,818
Accumulated other comprehensive income 14 47
Accumulated deficit (1,694,009) (1,526,617)
Total shareholders' deficit (323,592) (303,751)
Total liabilities and shareholders' deficit $ 403,109 $ 469,057