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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 298,172 $ 89,959
Short-term marketable securities 29,312 83,506
Receivables from collaborative arrangements 16,785 14,065
Prepaid clinical and development services 1,513 10,245
Other prepaid and current assets 7,682 8,561
Amounts due from TRC, LLC (Discontinued operations)   43,534
Total current assets 353,464 249,870
Property and equipment, net 11,875 13,657
Operating lease assets 40,126 39,690
Future contingent milestone and royalty assets 194,200  
Restricted cash 836 837
Other assets 6,899 3,228
Equity in net assets of TRC, LLC (Discontinued operations)   67,537
Total assets 607,400 374,819
Current liabilities:    
Accounts payable 1,554 3,098
Accrued personnel-related expenses 10,314 12,796
Accrued clinical and development expenses 4,932 17,010
Accrued general and administrative expenses 4,020 2,898
Operating lease liabilities 6,753 503
Deferred revenue 24 98
Other accrued liabilities 1,118 1,304
Accrued interest payable   1,246
Current portion of non-recourse notes due 2035, net (Discontinued operations)   16,940
Accrued interest payable (Discontinued operations)   2,694
Total current liabilities 28,715 58,587
Long-term operating lease liabilities 45,407 52,681
Future royalty payment contingency 25,438  
Long-term deferred revenue 192 310
Unrecognized tax benefits 64,191 240
Other long-term liabilities 1,657 2,180
Convertible senior notes due 2023, net   228,035
Non-recourse notes due 2035, net   371,359
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; [65,227] and 74,435 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 1,295,725 1,387,469
Accumulated other comprehensive loss (15)  
Accumulated deficit (853,911) (1,726,043)
Total shareholders' equity (deficit) 441,800 (338,573)
Total liabilities and shareholders' equity (deficit) $ 607,400 $ 374,819