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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 187,665 $ 298,172
Short-term marketable securities 53,598 29,312
Receivables from collaborative arrangements 12,270 16,785
Prepaid clinical and development services 1,524 1,513
Other prepaid and current assets 6,281 7,682
Total current assets 261,338 353,464
Long-term marketable securities 18,776  
Property and equipment, net 12,103 11,875
Operating lease assets 39,204 40,126
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 12,093 6,899
Total assets 538,550 607,400
Current liabilities:    
Accounts payable 2,663 1,554
Accrued personnel-related expenses 5,030 10,314
Accrued clinical and development expenses 5,022 4,932
Accrued general and administrative expenses 4,586 4,020
Operating lease liabilities 7,431 6,753
Deferred revenue 24 24
Other accrued liabilities 1,428 1,118
Total current liabilities 26,184 28,715
Long-term operating lease liabilities 43,763 45,407
Future royalty payment contingency 25,988 25,438
Long-term deferred revenue 187 192
Unrecognized tax benefits 64,191 64,191
Other long-term liabilities 7,678 1,657
Commitments and contingencies
Shareholders' Equity    
Preferred shares, $0.00001 par value: 230 shares authorized, no shares issued or outstanding
Ordinary shares, $0.00001 par value: 200,000 shares authorized; 60,542 and 65,227 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 1,246,506 1,295,725
Accumulated other comprehensive income (loss) 51 (15)
Accumulated deficit (875,999) (853,911)
Total shareholders' equity 370,559 441,800
Total liabilities and shareholders' equity $ 538,550 $ 607,400