Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 438,016	$ 399,757
Accounts receivable, net	82,858	31,496
Prepaid expenses	11,432	7,573
Tax incentive receivable	4,061	5,762
Equity interest receivable	8,612	6,249
Other current assets	3,872	2,735
Total current assets	548,851	453,572
Non-current assets:
Furniture and equipment, net	991	1,105
Inventory, long-term	5,910	1,972
Goodwill	545	545
Equity interest	15,000	15,000
Right-of-use assets	1,574	2,048
Total non-current assets	24,020	20,670
Total assets	572,871	474,242
Current liabilities:
Accounts payable	3,434	11,266
Accrued expenses	43,328	16,757
Royalties payable	3,088	1,100
Revenue interest purchase security agreement	0	687
Current operating lease liabilities	1,014	1,120
Taxes payable	0	8,889
Other current liabilities	374	2,862
Total current liabilities	51,238	42,681
Non-current liabilities:
Term loan	242,434	120,341
Revenue interest purchase security agreement	0	105,420
Non-current operating lease liabilities	926	1,241
Total non-current liabilities	243,360	227,002
Total liabilities	294,598	269,683
Commitments and contingencies
Shareholders' equity:
Ordinary £0.05 par value shares; 703,189,462 and 703,189,462 issued, and 687,930,486 and 677,008,254 outstanding, at June 30, 2025 and December 31, 2024, respectively	45,021	45,021
Additional paid-in capital	805,918	728,199
Ordinary shares held in treasury	(964)	(1,659)
Accumulated other comprehensive loss	(4,601)	(4,601)
Accumulated deficit	(567,101)	(562,401)
Total shareholders' equity	278,273	204,559
Total liabilities and shareholders' equity	$ 572,871	$ 474,242