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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ 882,494 $ (167,392)
Less: Net income from discontinued operations (961,062) (39,864)
Net loss from continuing operations (78,568) (207,256)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,057 4,551
Amortization and accretion income, net (342) 9
Ampreloxetine interest accretion 424  
Share-based compensation 32,784 45,143
Gain on disposal of property and equipment (96)  
Gain on sale of Velusetrag (2,709)  
Amortization of right-of-use assets 2,284 2,758
Gain from lease modification   (1,863)
Loss on extinguishment of debt 3,034  
Other   35
Changes in operating assets and liabilities:    
Receivables from collaborative and licensing arrangements (49) 1,867
Prepaid clinical and development services 7,600 7,132
Other prepaid and current assets (1,148) (99)
Right-of-use lease assets (2,587)  
Other assets (1,743) (1,006)
Accounts payable 2,150 2,206
Accrued personnel-related expenses, accrued clinical and development expenses, and other accrued liabilities (18,465) (36,573)
Accrued interest payable (1,246)  
Deferred revenue (186) (8,648)
Operating lease liabilities (1,111) 443
Other long-term liabilities (421) 776
Net cash used in operating activities - continuing operations (57,338) (190,525)
Net cash used in operating activities - discontinued operations (5,598) 25,101
Net cash used in operating activities (62,936) (165,424)
Investing activities    
Purchases of property and equipment (306) (2,962)
Purchases of marketable securities (93,260) (104,774)
Maturities of marketable securities 108,700 221,400
Sale of short-term investments and marketable securities 5  
Proceeds from the sale of Velusetrag 2,709  
Proceeds from the sale of property and equipment 1,866 6
Net cash provided by investing activities - continuing operations 19,714 113,670
Net cash provided by investing activities - discontinued operations 1,095,134  
Net cash provided by investing activities 1,114,848 113,670
Financing activities    
Proceeds from the sale of ordinary shares, net   108,180
Repurchases of ordinary shares (94,037)  
Proceeds from ampreloxetine funding, net 24,464  
Proceeds from ESPP purchases 488 2,862
Proceeds from option exercises   5
Repurchase of shares to satisfy tax withholding (2,457) (8,606)
Net cash (used in) provided by financing activities - continuing operations (703,145) 91,711
Net cash used in financing activities - discontinued operations (20,189)  
Net cash (used in) provided by financing activities (723,334) 91,711
Net increase in cash, cash equivalents, and restricted cash 328,578 39,957
Cash, cash equivalents, and restricted cash at beginning of period 90,796 82,300
Cash, cash equivalents, and restricted cash at end of period 419,374 122,257
Supplemental disclosure of cash flow information    
Cash paid for interest 22,244 26,954
Cash paid (received) for income taxes, net 26 (3,814)
2035 notes    
Financing activities    
Principal payment on notes (399,998) $ (10,730)
2033 notes    
Financing activities    
Principal payment on notes $ (231,605)