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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 135,744 $ 306,866
Short-term investments 254,144 156,806
Accounts receivable 14,049 10,496
Receivable from Ionis Pharmaceuticals, Inc.   3,231
Inventories 13,756 8,817
Other current assets 10,480 10,689
Total current assets 428,173 496,905
Property, plant and equipment, net 5,895 5,261
Operating lease right-of-use assets 10,646 11,094
Intangible assets, net 80,127 83,051
Deposits and other assets 3,096 2,939
Total assets 527,937 599,250
Current liabilities:    
Accounts payable 4,253 10,216
Payable to Ionis Pharmaceuticals, Inc. 5,320  
Accrued compensation 8,313 12,793
Accrued liabilities 12,316 14,191
Deferred revenue 263 2,165
Other current liabilities 4,716 2,633
Total current liabilities 35,181 41,998
Long-term portion of lease liabilities 13,545 14,248
Other long-term liabilities 183  
Total liabilities 48,909 56,246
Stockholders’ equity:    
Common stock, $0.001 par value; 125,000,000 shares authorized at June 30, 2020 and December 31, 2019; 101,509,223 and 100,993,173 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively. 102 101
Additional paid-in capital 1,051,142 1,024,168
Accumulated other comprehensive income 1,481 5
Accumulated deficit (573,697) (481,270)
Total stockholders’ equity 479,028 543,004
Total liabilities and stockholders’ equity $ 527,937 $ 599,250