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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (198,537) $ (95,002)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 13,763 8,243
Depreciation 298 167
Amortization of debt discount and issuance costs 1,378 390
Foreign currency translation adjustment 203 (231)
Other 596 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (7,235) (2,058)
Deferred tax assets 0 208
Income tax receivable 233 (502)
Other assets (146) (2,098)
Accounts payable 893 (1,238)
Interest payable 147 0
Accrued expenses 18,079 8,838
Due to RSL, RSI and RSG (1,894) 653
Deferred rent 724 259
Deferred interest payable 518 105
Net cash used in operating activities (170,980) (82,266)
Cash flows from investing activities:    
Purchase of property and equipment (718) (375)
Net cash used in investing activities (718) (375)
Cash flows from financing activities:    
Cash proceeds from debt financings, net of financing costs paid 54,000 28,803
Cash proceeds from stock option exercises 771 16
Cash paid to NovaQuest for annual debt administration fee (300) 0
Net cash provided by financing activities 246,677 30,676
Net change in cash, cash equivalents and restricted cash 74,979 (51,965)
Cash, cash equivalents and restricted cash, beginning of period 108,624 180,838
Cash, cash equivalents and restricted cash, end of period 183,603 128,873
Non-cash financing activities:    
Stock options exercised receivables, included in prepaid expenses and other current assets (22) 0
Deferred financing costs included in accrued expenses 26 137
Offering costs included in accrued expenses 18 0
Warrant issued to Hercules 0 481
Public Offering    
Cash flows from financing activities:    
Cash proceeds from issuance of common shares 74,391 0
Private Placement | Cowen and Company, LLC    
Cash flows from financing activities:    
Cash proceeds from issuance of common shares 57,315 0
Private Placement | Roivant Sciences, Ltd.    
Cash flows from financing activities:    
Cash proceeds from issuance of common shares 22,500 0
Private Placement | NovaQuest    
Cash flows from financing activities:    
Cash proceeds from issuance of common shares $ 38,000 $ 1,857