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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 261,061,000 $ 316,727,000
Trade receivables, net 44,796,000 0
Inventories 8,970,000 0
Prepaid expenses and other current assets 47,735,000 11,554,000
Total current assets 362,562,000 328,281,000
Property and equipment, net 8,979,000 8,152,000
Equity method investment 2,473,000 5,338,000
Intangible assets, net 40,535,000 0
Other assets 9,706,000 2,493,000
Total assets 424,255,000 344,264,000
Current liabilities:    
Accounts payable 17,044,000 14,071,000
Accrued expenses and other current liabilities 118,123,000 52,102,000
Current portion of mandatorily redeemable preferred shares 31,250,000 0
Total current liabilities 166,417,000 66,173,000
Liability related to sale of future royalties, net 160,805,000 144,111,000
Mandatorily redeemable preferred shares, net 127,771,000 103,646,000
Derivative liability 0 37,690,000
Other long-term liabilities 4,728,000 68,000
Total liabilities 459,721,000 351,688,000
Commitments and contingencies
Shareholders’ deficit:    
Common shares, no par value; 200,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 59,525,565 and 52,385,283 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,199,005,000 881,426,000
Additional paid-in capital 91,773,000 83,523,000
Accumulated deficit (1,326,244,000) (972,373,000)
Total shareholders’ deficit (35,466,000) (7,424,000)
Total liabilities and shareholders' deficit $ 424,255,000 $ 344,264,000