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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income (loss) $ 36,316 $ (117,391)
Reconciliation of net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,293 2,574
Equity-based compensation 32,200 21,960
Loss from equity method investment 5,467 3,256
Expense related to ViaCyte transaction   15,109
Other income, non-cash   (169)
Changes in:    
Accounts receivable 49 2,074
Prepaid expenses and other assets (25,342) (2,502)
Accounts payable and accrued expenses 420 7,982
Deferred revenue 1,714 (270)
Deferred rent   (528)
Operating lease assets and liabilities (689)  
Other liabilities, net (127) 38
Net cash provided by (used in) operating activities 53,301 (67,867)
Investing activities:    
Purchase of property and equipment (5,732) (1,773)
Net cash used in investing activities (5,732) (1,773)
Financing activities:    
Proceeds from issuance of common shares, net of issuance costs 121,216 309,019
Proceeds from exercise of options 5,049 8,241
Repurchase of treasury shares   (57)
Net cash provided by financing activities 126,265 317,203
Effect of exchange rate changes on cash (14) (15)
Increase in cash 173,820 247,548
Cash, cash equivalents and restricted cash, beginning of period 459,812 242,912
Cash, cash equivalents and restricted cash, end of period 633,632 490,460
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment purchases in accounts payable and accrued expenses 428  
Equity issuance costs in accounts payable and accrued expenses $ 739 $ 1,980