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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 109,107 $ 112,584
Marketable securities 0 33,818
Other receivables 1,084 2,641
Prepaid expenses and other current assets 3,379 8,829
Total current assets 113,570 157,872
Property and equipment, net 368 1,026
Operating lease right-of-use assets 5,124 6,530
Other assets 5,740 5,644
Total assets 124,802 171,072
Current liabilities:    
Accounts payable 617 1,101
Accrued expenses and other current liabilities 8,973 14,350
Operating lease liabilities 1,690 1,362
Deferred Revenue, Current 10,369 1,857
Total current liabilities 21,649 18,670
Liability related to the sale of future royalties 0 48,414
Non-current operating lease liabilities 4,957 5,973
Deferred revenue, non-current 22,166 8,786
Derivative liability 0 802
Other long-term liabilities 96 138
Total liabilities 48,868 82,783
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022 and 3,218,152 shares issued and outstanding as of December 31, 2021 0 3
Common stock, $0.001 par value; 120,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 52,456,195 shares issued and outstanding as of December 31, 2022 and 32,393,738 shares issued and outstanding as of December 31, 2021 52 32
Additional paid-in capital 489,760 455,719
Accumulated deficit (413,878) (367,463)
Accumulated other comprehensive gain (loss) 0 (2)
Total stockholders' equity 75,934 88,289
Total liabilities and stockholders' equity $ 124,802 $ 171,072