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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,903 $ 25,030
Short-term investments 5,420 17,466
Restricted cash 0 146
Accounts receivable 0 1,482
Inventories 0 10,655
Other current assets 2,449 10,115
Total current assets 24,772 64,894
Property and equipment, net 176 1,294
Operating lease assets 11,027 39,807
Other assets 927 3,103
Total assets 36,902 109,098
Current liabilities:    
Accounts payable 1,762 4,367
Accrued compensation 2,552 6,589
Accrued research and development expenses 971 7,984
Deferred revenue 1,607 95,092
Other current liabilities 7,671 20,542
Total current liabilities 14,563 134,574
Deferred revenue - long-term 0 0
Operating lease liabilities - long-term 15,426 29,914
Liability related to the sale of future revenues - long-term 40,222 38,624
Other long-term liabilities 1,732 3,269
Total liabilities 71,943 206,381
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):    
Common stock - $0.0001 par value, 500,000 shares authorized as of June 30, 2025 and December 31, 2024; 6,978 and 5,859 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 1,979,114 1,957,261
Accumulated other comprehensive (loss) income 0 8
Accumulated deficit (2,014,156) (2,054,553)
Total stockholders' equity (deficit) (35,041) (97,283)
Total liabilities and stockholders' equity (deficit) $ 36,902 $ 109,098