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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 155,191 $ 334,427
Marketable securities 215,162 7,439
Research and development tax credits receivable 2,907 2,580
Income tax receivable 629 0
Collaboration revenue receivable 9,626 0
Other receivables 1,447 654
Prepaid expenses 5,635 6,314
Total current assets 390,597 351,414
Property and equipment, net 4,683 5,604
Operating lease right-of-use assets 5,904 7,491
Other assets 497 586
Deferred tax assets 7,477 3,620
TOTAL ASSETS 409,158 368,715
CURRENT LIABILITIES:    
Accounts payable 9,345 2,302
Accrued expenses and other current liabilities 15,615 18,622
Operating lease liability, current portion 2,127 1,721
Deferred revenue, current portion 34,784 11,921
Income tax payable 0 523
Total current liabilities 61,871 35,089
Operating lease liability, net of current portion 3,767 5,592
Deferred revenue, net of current portion 37,744 39,613
TOTAL LIABILITIES 103,382 80,294
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of September 30, 2022 and December 31, 2021, respectively; 0 shares issued and outstanding as of September 30, 2022, and December 31, 2021, respectively 0 0
Common shares, no par value per share; unlimited shares authorized as of September 30, 2022 and December 31, 2021; 41,961,510 and 41,850,162 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 481,782 480,699
Additional paid-in capital 32,173 17,988
Accumulated other comprehensive loss (524) 0
Accumulated deficit (207,655) (210,266)
Total shareholders’ equity 305,776 288,421
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 409,158 $ 368,715