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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 105,596 $ 298,172
Short-term marketable securities 61,855 29,312
Receivables from collaborative arrangements 15,796 16,785
Prepaid clinical and development services 979 1,513
Other prepaid and current assets 7,777 7,682
Total current assets 192,003 353,464
Property and equipment, net 9,553 11,875
Operating lease assets 38,453 40,126
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 11,585 6,899
Total assets 446,630 607,400
Current liabilities:    
Accounts payable 1,569 1,554
Accrued personnel-related expenses 5,371 10,314
Accrued clinical and development expenses 4,006 4,932
Accrued general and administrative expenses 2,874 4,020
Operating lease liabilities 9,160 6,753
Deferred revenue 24 24
Other accrued liabilities 1,542 1,118
Total current liabilities 24,546 28,715
Long-term operating lease liabilities 42,521 45,407
Future royalty payment contingency 26,556 25,438
Long-term deferred revenue 181 192
Unrecognized tax benefits 64,987 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; 53,694 and 65,227 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 1,172,090 1,295,725
Accumulated other comprehensive loss (286) (15)
Accumulated deficit (891,644) (853,911)
Total shareholders' equity 280,161 441,800
Total liabilities and shareholders' equity $ 446,630 $ 607,400