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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 674,493 $ 76,644
Accounts receivable, net 3,570 0
Marketable securities 10,435 2,997
Inventory 2,611 0
Prepaid expenses and other current assets 13,536 8,269
Total current assets 704,645 87,910
Property and equipment, net 3,300 2,497
Operating lease right-of-use asset 9,655 11,146
Other assets 7,427 4,373
Total assets 725,027 105,926
Current liabilities:    
Accounts payable 17,809 15,334
Accrued expenses and other current liabilities 44,612 29,060
Share-based compensation liabilities 21,636 0
Amounts due to collaboration partner 1,954 0
Cost share advance from collaboration partner 92,415 0
Operating lease liability 1,807 1,516
Amounts due to related parties 543 15
Total current liabilities 281,340 85,925
Deferred revenue, non-current 397,369 0
Cost share advance from collaboration partner, non-current 29,447 0
Long-term operating lease liability 9,189 10,996
Long-term debt, less current maturities (related party) 358,700 113,700
Other 2,947 3,582
Total liabilities 1,078,992 214,203
Commitments and contingencies (Note 14)
Shareholders’ deficit:    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 91,000,869 and 89,833,998 issued and outstanding at March 31, 2021 and 2020, respectively 2 2
Additional paid-in capital 709,466 684,381
Accumulated other comprehensive loss (17,285) (1,646)
Accumulated deficit (1,046,148) (791,014)
Total shareholders’ deficit (353,965) (108,277)
Total liabilities and shareholders’ deficit 725,027 105,926
License and milestone revenue    
Current liabilities:    
Deferred revenue $ 100,564 $ 40,000