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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 87,292 $ 89,959
Short-term marketable securities 45,558 83,506
Receivables from collaborative arrangements 12,488 14,065
Amounts due from TRC, LLC   43,534
Prepaid clinical and development services 2,311 10,245
Other prepaid and current assets 7,080 8,561
Total current assets 154,729 249,870
Property and equipment, net 12,531 13,657
Operating lease assets 41,112 39,690
Equity in net assets of TRC, LLC 148,250 67,537
Restricted cash 836 837
Other assets 3,303 3,228
Total assets 360,761 374,819
Current liabilities:    
Accounts payable 3,074 3,098
Accrued personnel-related expenses 6,958 12,796
Accrued clinical and development expenses 7,627 17,010
Accrued general and administrative expenses 6,052 2,898
Accrued interest payable 3,990 3,940
Current portion of non-recourse notes due 2035, net   16,940
Operating lease liabilities 2,624 503
Deferred revenue 24 98
Other accrued liabilities 2,275 1,304
Total current liabilities 32,624 58,587
Convertible senior notes due 2023, net 228,571 228,035
Non-recourse notes due 2035, net 396,125 371,359
Long-term operating lease liabilities 50,642 52,681
Long-term deferred revenue 204 310
Other long-term liabilities 2,404 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; 76,427 and 74,435 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 1,410,415 1,387,469
Accumulated other comprehensive loss (45)  
Accumulated deficit (1,760,180) (1,726,043)
Total shareholders' deficit (349,809) (338,573)
Total liabilities and shareholders' deficit $ 360,761 $ 374,819