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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 89,959 $ 81,467
Short-term marketable securities 83,506 211,474
Receivables from collaborative arrangements 14,065 15,868
Amounts due from TRC, LLC 43,534 53,799
Prepaid clinical and development services 10,245 20,374
Other prepaid and current assets 8,561 10,359
Total current assets 249,870 393,341
Property and equipment, net 13,657 16,422
Operating lease assets 39,690 43,260
Equity in net assets of TRC, LLC 67,537 12,750
Restricted cash 837 833
Other assets 3,228 2,451
Total assets 374,819 469,057
Current liabilities:    
Accounts payable 3,098 6,775
Accrued personnel-related expenses 12,796 35,238
Accrued clinical and development expenses 17,010 28,799
Accrued general and administrative expenses 2,898 6,048
Accrued interest payable 3,940 3,974
Current portion of non-recourse notes due 2035, net 16,940 19,334
Operating lease liabilities 503 9,867
Deferred revenue 98 11,523
Other accrued liabilities 1,304 2,013
Total current liabilities 58,587 123,571
Convertible senior notes due 2023, net 228,035 226,963
Non-recourse notes due 2035, net 371,359 372,873
Long-term operating lease liabilities 52,681 47,220
Long-term deferred revenue 310 348
Other long-term liabilities 2,420 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; 74,435 and 64,328 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 1,387,469 1,222,818
Accumulated other comprehensive income   47
Accumulated deficit (1,726,043) (1,526,617)
Total shareholders' deficit (338,573) (303,751)
Total liabilities and shareholders' deficit $ 374,819 $ 469,057