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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 121,461 $ 159,521
Marketable securities 192,663 184,420
Research and development tax credits receivable 1,659 1,280
Collaboration revenue receivable 3,996 1,525
Other receivables 1,358 1,518
Prepaid expenses 4,389 5,715
Total current assets 325,526 353,979
Property and equipment, net 5,396 4,228
Operating lease right-of-use assets 4,976 5,371
Other assets 408 497
TOTAL ASSETS 336,306 364,075
CURRENT LIABILITIES:    
Accounts payable 3,620 461
Accrued expenses and other current liabilities 17,442 21,645
Operating lease liability, current portion 2,257 2,171
Deferred revenue, current portion 52,760 53,102
Income tax payable 4,856 1,240
Total current liabilities 80,935 78,619
Operating lease liability, net of current portion 2,780 3,257
Deferred revenue, net of current portion 1,347 2,682
TOTAL LIABILITIES 85,062 84,558
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of March 31, 2023 and December 31, 2022, respectively; 0 shares issued and outstanding as of March 31, 2022 and December 31, 2022, respectively 0 0
Common shares, no par value per share; unlimited shares authorized as of March 31, 2023 and December 31, 2022; 42,079,896 and 42,036,193 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 482,677 482,032
Additional paid-in capital 43,056 37,226
Accumulated other comprehensive loss (235) (428)
Accumulated deficit (274,254) (239,313)
Total shareholders’ equity 251,244 279,517
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 336,306 $ 364,075