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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net loss $ (11,675) $ (22,521) $ (73,186) $ (60,516)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization     740 455  
Non-cash lease cost     446 611  
Impairment of assets     635 0  
Share-based compensation 2,106 2,330 6,626 6,502  
Unrealized foreign currency transaction (gain) loss     8 17  
Accretion of discount on marketable securities     13 197  
Change in fair value of derivative liability     (776) 0 $ (200)
Non-cash interest expense associated with the sale of future royalties     2,605 0  
Loss on extinguishment of liability related to the sale of future royalties 0 0 3,581 0  
Changes in operating assets and liabilities:          
Other receivables     1,366 3,088  
Prepaid expenses and other current assets     7,133 2,758  
Tax incentive receivables     312 797  
Other assets     (2) 7  
Accounts payable     1,483 2,007  
Accrued expenses and other current liabilities     (6,257) (3,185)  
Deferred revenue, current and non-current     3,525 10,898  
Other long-term liabilities     (31) (29)  
Operating lease liability     (434) (605)  
Net cash used in operating activities     (52,213) (36,998)  
Cash flows from investing activities:          
Purchases of marketable securities     (26,970) (13,601)  
Proceeds from maturities of marketable securities     60,777 44,548  
Net cash provided by (used in) investing activities     33,807 30,947  
Cash flows from financing activities:          
Repayment of liability related to the sale of future royalties     (54,485) 0  
Proceeds from the issuance of common stock, net of issuance costs     10,334 5,357  
Payment of offering and financing costs     0 (411)  
Proceeds from stock option exercises     419 1,218  
Net cash provided by financing activities     (43,732) 33,701  
Net increase (decrease) in cash and cash equivalents     (62,138) 27,650  
Cash, cash equivalents and restricted cash at beginning of period     112,584 85,209 85,209
Cash, cash equivalents and restricted cash at end of period $ 50,446 $ 112,859 50,446 112,859 $ 112,584
Supplemental disclosure of non-cash activities:          
Offering and financing costs in accounts payable and accruals     0 2,300  
Pfizer Purchase Agreement [Member]          
Cash flows from financing activities:          
Proceeds from the issuance of common stock, net of issuance costs     $ 0 $ 27,537