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Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Balances of OrbiMed Loan

The balances of the OrbiMed Loan as of June 30, 2021 and December 31, 2020 were as follows:

 

 

June 30,

2021

 

 

December 31,

2020

 

Liability component - principal

 

$

200,000

 

 

$

200,000

 

Exit fee

 

 

14,000

 

 

 

14,000

 

Unamortized debt discount associated with the exit fee, debt financing costs and discount with warrant financing

 

 

(18,390

)

 

 

(19,750

)

Liability component - net carrying value

 

$

195,610

 

 

$

194,250

 

 

Interest Expense Related to OrbiMed Loan and CRG Loan

Interest expense related to the OrbiMed Loan and CRG Loan were included in interest expense, net in the condensed consolidated statements of operations and comprehensive income (loss) as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

 

2021

 

 

 

2020

 

 

 

2021

 

 

 

2020

 

Interest on principal balance

 

$

6,582

 

 

$

6,681

 

 

$

13,092

 

 

$

12,894

 

Amortization of deferred financing costs

 

 

697

 

 

 

340

 

 

 

1,361

 

 

 

680

 

   Total term loan interest expense

 

$

7,279

 

 

$

7,021

 

 

$

14,453

 

 

$

13,574