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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 94,367 $ 89,959
Short-term marketable securities 53,149 83,506
Receivables from collaborative arrangements 12,277 14,065
Amounts due from TRC, LLC 35,559 43,534
Prepaid clinical and development services 4,742 10,245
Other prepaid and current assets 4,542 8,561
Total current assets 204,636 249,870
Property and equipment, net 13,236 13,657
Operating lease assets 39,349 39,690
Equity in net assets of TRC, LLC 94,108 67,537
Restricted cash 836 837
Other assets 3,194 3,228
Total assets 355,359 374,819
Current liabilities:    
Accounts payable 1,510 3,098
Accrued personnel-related expenses 9,560 12,796
Accrued clinical and development expenses 8,922 17,010
Accrued general and administrative expenses 4,412 2,898
Accrued interest payable 5,841 3,940
Current portion of non-recourse notes due 2035, net 9,012 16,940
Operating lease liabilities 4,054 503
Deferred revenue 98 98
Other accrued liabilities 792 1,304
Total current liabilities 44,201 58,587
Convertible senior notes due 2023, net 228,303 228,035
Non-recourse notes due 2035, net 384,161 371,359
Long-term operating lease liabilities 47,415 52,681
Long-term deferred revenue 301 310
Other long-term liabilities 2,428 2,420
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; 76,081 and 74,435 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 1,400,566 1,387,469
Accumulated other comprehensive loss (28)  
Accumulated deficit (1,751,989) (1,726,043)
Total shareholders' deficit (351,450) (338,573)
Total liabilities and shareholders' deficit $ 355,359 $ 374,819