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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 78,410 $ 110,643
Restricted cash 1,795 1,804
Investments 193,617 278,344
Trade receivables 68,759 56,950
Inventory, net 4,450 28,683
Prepaid expenses and other current assets 16,426 19,542
Total current assets 363,457 495,966
Long-term inventory, net 24,525 0
Property and equipment, net 7,663 7,910
Long-term investments 64,317 0
Other assets 12,457 13,084
Total assets 472,419 516,960
Liabilities and Stockholders’ Deficit    
Accounts payable 7,786 20,893
Accrued expenses 89,598 102,882
Operating lease liabilities 1,026 1,058
Finance lease liabilities 1,681 1,590
Royalty financing obligations 28,974 23,565
Total current liabilities 129,065 149,988
Operating lease liabilities 8,362 8,390
Finance lease liabilities 2,117 2,845
Royalty financing obligations 494,659 508,034
Secured term loan 313,822 303,231
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 206,629 at June 30, 2024 and 205,771 at December 31, 2023 2,066 2,058
Additional paid-in capital 1,250,983 1,222,236
Accumulated other comprehensive income 557 1,337
Accumulated deficit (1,729,212) (1,681,159)
Total stockholders’ deficit (475,606) (455,528)
Total liabilities and stockholders’ deficit $ 472,419 $ 516,960