XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 418,538 $ 89,959
Short-term marketable securities 68,294 83,506
Receivables from collaborative arrangements 14,114 14,065
Prepaid clinical and development services 2,645 10,245
Other prepaid and current assets 8,127 8,561
Amounts due from TRC, LLC (Discontinued operations)   43,534
Total current assets 511,718 249,870
Property and equipment, net 11,884 13,657
Operating lease assets 39,992 39,690
Future contingent milestone and royalty assets 194,200  
Restricted cash 836 837
Other assets 4,866 3,228
Equity in net assets of TRC, LLC (Discontinued operations)   67,537
Total assets 763,496 374,819
Current liabilities:    
Accounts payable 5,337 3,098
Accrued personnel-related expenses 7,560 12,796
Accrued clinical and development expenses 4,078 17,010
Accrued general and administrative expenses 3,749 2,898
Operating lease liabilities 692 503
Deferred revenue 24 98
Current portion of non-recourse notes due 2035, net   16,940
Accrued interest payable   1,246
Other accrued liabilities 142 1,304
Income tax payable (Discontinued operations) 120,550  
Accrued interest payable (Discontinued operations)   2,694
Total current liabilities 142,132 58,587
Long-term operating lease liabilities 51,381 52,681
Future royalty payment contingency 24,888  
Long-term deferred revenue 199 310
Unrecognized Tax Benefits 62,661 240
Other long-term liabilities 1,657 2,180
Non-recourse notes due 2035, net   371,359
Convertible senior notes due 2023, net   228,035
Commitments and contingencies
Shareholders' Equity (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; 67,366 and 74,435 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 1,324,247 1,387,469
Accumulated other comprehensive loss (121)  
Accumulated deficit (843,549) (1,726,043)
Total shareholders' equity (deficit) 480,578 (338,573)
Total liabilities and shareholders' equity (deficit) $ 763,496 $ 374,819