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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 428,239,000 $ 316,727,000
Trade receivables, net 4,337,000 0
Inventories 4,582,000 0
Prepaid expenses and other current assets 37,288,000 11,554,000
Total current assets 474,446,000 328,281,000
Property and equipment, net 8,933,000 8,152,000
Equity method investment 3,958,000 5,338,000
Intangible assets, net 41,259,000 0
Other assets 4,073,000 2,493,000
Total assets 532,669,000 344,264,000
Current liabilities:    
Accounts payable 29,703,000 14,071,000
Accrued expenses and other current liabilities 76,770,000 52,102,000
Current portion of mandatorily redeemable preferred shares 15,625,000 0
Total current liabilities 122,098,000 66,173,000
Liability related to sale of future royalties 151,454,000 144,111,000
Mandatorily redeemable preferred shares, net 136,404,000 103,646,000
Derivative liability 650,000 37,690,000
Other long-term liabilities 105,000 68,000
Total liabilities 410,711,000 351,688,000
Commitments and contingencies
Shareholders’ equity (deficit):    
Common shares, no par value; 200,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 58,387,948 and 52,385,283 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 1,175,139,000 881,426,000
Additional paid-in capital 92,129,000 83,523,000
Accumulated deficit (1,145,310,000) (972,373,000)
Total shareholders’ equity (deficit) 121,958,000 (7,424,000)
Total liabilities and shareholders’ equity $ 532,669,000 $ 344,264,000