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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 39,545 $ 298,172
Short-term marketable securities 62,881 29,312
Receivables from collaborative arrangements 17,474 16,785
Prepaid clinical and development services 2,038 1,513
Other prepaid and current assets 11,603 7,682
Total current assets 133,541 353,464
Property and equipment, net 9,068 11,875
Operating lease assets 36,287 40,126
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 8,067 6,899
Total assets 381,999 607,400
Current liabilities:    
Accounts payable 1,524 1,554
Accrued personnel-related expenses 6,443 10,314
Accrued clinical and development expenses 2,246 4,932
Accrued general and administrative expenses 2,900 4,020
Operating lease liabilities 3,923 6,753
Tenant improvement payable to subleasee 6,490  
Other accrued liabilities 1,241 1,142
Total current liabilities 24,767 28,715
Long-term operating lease liabilities 45,236 45,407
Future royalty payment contingency 27,788 25,438
Long-term deferred revenue   192
Unrecognized tax benefits 65,294 64,191
Other long-term liabilities 5,919 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; 48,091 and 65,227 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively   1
Additional paid-in capital 1,122,164 1,295,725
Accumulated other comprehensive loss (65) (15)
Accumulated deficit (909,104) (853,911)
Total shareholders' equity 212,995 441,800
Total liabilities and shareholders' equity $ 381,999 $ 607,400