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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (89,756) $ (78,280)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 646 761
Non-cash lease cost 471 585
Share-based compensation 9,430 4,888
Unrealized foreign currency transaction (gain) loss 13 (330)
Accretion of premium (discount) on marketable securities 251 (32)
Change in fair value of derivative liabilities (204)  
Non-cash interest expense associated with the sale of future royalties 1,940  
Changes in operating assets and liabilities:    
Other receivables 3,050 2,430
Prepaid expenses and other current assets (2,808) (1,240)
Tax incentive receivables 782 (254)
Other assets (319) (1,890)
Accounts payable (53) (2,975)
Accrued expenses and other current liabilities 2,109 (9,130)
Deferred revenue, current and non-current 10,643  
Other long-term liabilities (39) (72)
Operating lease liabilities (503) (333)
Net cash used in operating activities (64,347) (85,872)
Cash flows from investing activities:    
Purchases of marketable securities (43,915) (45,723)
Proceeds from maturities of marketable securities 51,548 56,350
Write-offs (purchases) of property and equipment 39 (157)
Net cash provided by investing activities 7,672 10,470
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 7,831 13,166
Proceeds from sale of future royalties, net 49,750  
Transaction costs from sale of future royalties (2,210)  
Royalty payments (60)  
Payment of offering costs (248) (953)
Proceeds from stock option exercises 1,450 2,189
Net cash provided by financing activities 84,050 130,881
Net increase (decrease) in cash and cash equivalents 27,375 55,479
Cash and cash equivalents at beginning of period 85,209 29,730
Cash and cash equivalents at end of period 112,584 85,209
Supplemental disclosure of non-cash activities:    
Right-of-use assets and lease obligations recorded upon commencement or amendment of lease agreements 0 2,626
Rights Offering    
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock   9,416
Underwritten Public Offering Member    
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock   56,078
Pfizer Purchase Agreement [Member]    
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock $ 27,537  
Series C Preferred Stock [Member] | Rights Offering    
Cash flows from financing activities:    
Proceeds from issuance of Preferred Shares   20,583
Series D Preferred Stock [Member] | Underwritten Public Offering Member    
Cash flows from financing activities:    
Proceeds from issuance of Preferred Shares   $ 30,402