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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 46,345 $ 39,545
Short-term marketable securities 49,733 62,881
Receivables from collaborative arrangements 14,299 17,474
Prepaid clinical and development services 2,646 2,038
Other prepaid and current assets 6,284 11,603
Total current assets 119,307 133,541
Property and equipment, net 8,142 9,068
Operating lease assets 31,815 36,287
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 7,729 8,067
Total assets 362,029 381,999
Current liabilities:    
Accounts payable 1,674 1,524
Accrued personnel-related expenses 5,774 6,443
Accrued clinical and development expenses 1,966 2,246
Accrued general and administrative expenses 1,959 2,900
Operating lease liabilities 4,219 3,923
Tenant improvement payable to sublessee 6,490 6,490
Other accrued liabilities 864 1,241
Total current liabilities 22,946 24,767
Long-term operating lease liabilities 42,441 45,236
Future royalty payment contingency 29,061 27,788
Unrecognized tax benefits 69,007 65,294
Other long-term liabilities 4,885 5,919
Commitments and contingencies (Note 10)
Shareholders' Equity    
Preferred shares, $0.00001 par value per share: 230 shares authorized, no shares issued or outstanding
Ordinary shares, $0.00001 par value per share: 200,000 shares authorized; 48,922 and 48,091 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively
Additional paid-in capital 1,131,008 1,122,164
Accumulated other comprehensive loss (22) (65)
Accumulated deficit (937,297) (909,104)
Total shareholders' equity 193,689 212,995
Total liabilities and shareholders' equity $ 362,029 $ 381,999