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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 71,685 $ 298,172
Short-term marketable securities 62,318 29,312
Receivables from collaborative arrangements 17,057 16,785
Prepaid clinical and development services 1,634 1,513
Other prepaid and current assets 8,996 7,682
Total current assets 161,690 353,464
Property and equipment, net 9,288 11,875
Operating lease assets 37,576 40,126
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 10,000 6,899
Total assets 413,590 607,400
Current liabilities:    
Accounts payable 2,368 1,554
Accrued personnel-related expenses 6,578 10,314
Accrued clinical and development expenses 3,272 4,932
Accrued general and administrative expenses 1,903 4,020
Operating lease liabilities 9,713 6,753
Deferred revenue 24 24
Other accrued liabilities 1,510 1,118
Total current liabilities 25,368 28,715
Long-term operating lease liabilities 41,118 45,407
Future royalty payment contingency 27,165 25,438
Long-term deferred revenue 175 192
Unrecognized tax benefits 65,955 64,191
Other long-term liabilities 7,679 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; 50,819 and 65,227 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 1,146,948 1,295,725
Accumulated other comprehensive loss (225) (15)
Accumulated deficit (900,594) (853,911)
Total shareholders' equity 246,130 441,800
Total liabilities and shareholders' equity $ 413,590 $ 607,400