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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (46,415) $ (89,756)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 869 646
Non-cash lease cost 678 471
Impairment of assets 635 0
Share-based compensation 9,123 9,430
Unrealized foreign currency transaction loss 10 13
Accretion of premium (discount) on marketable securities 13 251
Change in fair value of derivative liabilities (917) (204)
Non-cash interest expense associated with the sale of future royalties 2,605 1,940
Loss on extinguishment of liability related to the sale of future royalties 3,581 0
Changes in operating assets and liabilities:    
Other receivables 1,196 3,050
Prepaid expenses and other current assets 5,242 (2,808)
Tax incentive receivables 351 782
Other assets (3) (319)
Accounts payable (484) (53)
Accrued expenses and other current liabilities (5,377) 2,109
Deferred revenue, current and non-current 21,892 10,643
Other long-term liabilities (42) (39)
Operating lease liabilities (688) (503)
Net cash used in operating activities (7,731) (64,347)
Cash flows from investing activities:    
Purchases of marketable securities (26,970) (43,915)
Proceeds from maturities of marketable securities 60,777 51,548
other 0 39
Net cash provided by investing activities 33,807 7,672
Cash flows from financing activities:    
Repayment of liability related to the sale of future royalties (54,485) 0
Proceeds from sale of future royalties, net 0 49,750
Transaction costs from sale of future royalties 0 (2,210)
Royalty payments 0 (60)
Payment of offering costs 0 (248)
Proceeds from stock option exercises 420 1,450
Net cash provided by financing activities (29,553) 84,050
Net increase (decrease) in cash and cash equivalents (3,477) 27,375
Cash and cash equivalents at beginning of period 112,584 85,209
Cash and cash equivalents at end of period 109,107 112,584
Proceeds from the issuance of common stock, net of commissions    
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 14,234 7,831
Proceeds from the issuance of common stock related to the GSK Share Purchase Agreement    
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 10,278 0
Pfizer Purchase Agreement [Member]    
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs $ 0 $ 27,537