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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 155,136 $ 304,767
Restricted cash 1,463 1,472
Investments 243,022 119,543
Trade receivables 48,639 50,599
Inventory, net 27,466 27,533
Prepaid expenses and other current assets 15,157 12,586
Total current assets 490,883 516,500
Property and equipment, net 8,376 8,617
Long-term investments 3,432 18,077
Other assets 7,046 6,806
Total assets 509,737 550,000
Liabilities and Stockholders’ Deficit    
Accounts payable 6,254 14,356
Accrued expenses 75,212 87,565
Deferred revenue 1,200 1,224
Lease financing obligation 2,491 2,369
Total current liabilities 85,157 105,514
Lease financing obligation 5,934 5,804
Royalty financing obligations 514,411 501,655
Secured term loan 232,522 231,624
Stockholders’ equity:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 188,883 as of March 31, 2023 and 187,906 as of December 31, 2022 1,889 1,879
Additional paid-in capital 1,177,192 1,158,118
Accumulated other comprehensive income 585 26
Accumulated deficit (1,507,953) (1,454,620)
Total stockholders’ deficit (328,287) (294,597)
Total liabilities and stockholders’ deficit $ 509,737 $ 550,000