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Condensed Consolidated Statement of Cash Flows
3 Months Ended
Jun. 30, 2015
USD ($)
Cash flows from operating activities:  
Net loss $ (28,058,000)
Adjustments to reconcile net loss to net cash used in operating activities:  
Share-based compensation 22,282,000
Depreciation and amortization 1,000
Deferred tax assets (182,000)
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (25,000)
Accounts payable 228,000
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. for amounts paid on behalf of the Company (344,000)
Accrued liabilities 1,311,000
Income tax payable 252,000
Net cash used in operating activities (4,535,000)
Cash flows from investing activities:  
Purchase of property, plant and equipment (7,000)
Net cash used in investing activities (7,000)
Cash flows from financing activities:  
Cash proceeds from issuance of common shares in initial public offering, net of underwriting discount 336,893,000
Initial public offering costs paid (1,684,000)
Cash capital contribution from Roivant Sciences Ltd. 750,000
Repayment of amounts due to Roivant Sciences Ltd. and Roivant Sciences, Inc. for amounts paid on behalf of the Company (627,000)
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. for amounts paid on behalf of the Company 279,000
Net cash provided by financing activities 335,611,000
Net change in cash 331,069,000
Cash-end of period 331,069,000
Non-cash financing activities:  
Unpaid initial public offering costs 707,000
Supplemental disclosure of cash paid:  
Taxes $ 5,000