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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,378 $ 39,545
Short-term marketable securities 67,983 62,881
Receivables from collaborative arrangements 16,845 17,474
Prepaid clinical and development services 597 2,038
Other prepaid and current assets 7,677 11,603
Total current assets 116,480 133,541
Property and equipment, net 7,788 9,068
Operating lease assets 29,334 36,287
Future contingent milestone and royalty assets 194,200 194,200
Restricted cash 836 836
Other assets 7,467 8,067
Total assets 356,105 381,999
Current liabilities:    
Accounts payable 1,454 1,524
Accrued personnel-related expenses 7,842 6,443
Accrued clinical and development expenses 864 2,246
Accrued general and administrative expenses 1,379 2,900
Operating lease liabilities 4,196 3,923
Tenant improvement payable to sublessee 6,490 6,490
Other accrued liabilities 1,210 1,241
Total current liabilities 23,435 24,767
Long-term operating lease liabilities 40,785 45,236
Future royalty payment contingency 29,691 27,788
Unrecognized tax benefits 71,563 65,294
Other long-term liabilities 4,977 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
Additional paid-in capital 1,135,599 1,122,164
Accumulated other comprehensive income (loss) 50 (65)
Accumulated deficit (949,995) (909,104)
Total shareholders' equity 185,654 212,995
Total liabilities and shareholders' equity $ 356,105 $ 381,999