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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 484,960,000 $ 674,493,000
Accounts receivable, net 10,608,000 3,570,000
Marketable securities 84,826,000 10,435,000
Inventory 4,172,000 2,611,000
Milestone receivable from Pfizer 100,000,000 0
Prepaid expenses and other current assets 17,569,000 13,536,000
Total current assets 702,135,000 704,645,000
Property and equipment, net 2,968,000 3,300,000
Operating lease right-of-use asset 9,252,000 9,655,000
Other assets 13,415,000 7,427,000
Total assets 727,770,000 725,027,000
Current liabilities:    
Accounts payable 9,122,000 17,809,000
Accrued expenses and other current liabilities 42,938,000 44,612,000
Share-based compensation liabilities 21,151,000 21,636,000
Deferred revenue 117,231,000 100,564,000
Amounts due to Pfizer 11,025,000 1,954,000
Cost share advance from Pfizer 104,178,000 92,415,000
Operating lease liability 1,886,000 1,807,000
Amounts due to related parties 39,000 543,000
Total current liabilities 307,570,000 281,340,000
Deferred revenue, non-current 451,193,000 397,369,000
Cost share advance from Pfizer, non-current 0 29,447,000
Long-term operating lease liability 8,685,000 9,189,000
Long-term debt, less current maturities (related party) 358,700,000 358,700,000
Other liabilities 1,248,000 2,947,000
Total liabilities 1,127,396,000 1,078,992,000
Commitments and contingencies (Note 9)
Shareholders’ deficit:    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 91,942,643 and 91,000,869 issued and outstanding at June 30, 2021 and March 31, 2021, respectively 2,000 2,000
Additional paid-in capital 725,465,000 709,466,000
Accumulated other comprehensive loss (17,285,000) (17,285,000)
Accumulated deficit (1,107,808,000) (1,046,148,000)
Total shareholders’ deficit (399,626,000) (353,965,000)
Total liabilities and shareholders’ deficit $ 727,770,000 $ 725,027,000