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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 79,016 $ 70,023
Restricted cash 1,860 1,115
Marketable securities 327,550 263,676
Accounts receivable, net 35,946  
Interest and other receivables 2,853 1,655
Inventory 38,714  
Prepaid and other current assets 5,053 4,879
Total current assets 490,992 341,348
Noncurrent marketable securities 94,519 43,298
Property and equipment, net 1,310 1,177
Operating leases, right-of-use assets 2,881 3,556
Deposits and other assets 4,079 4,697
Total assets 593,781 394,076
Current liabilities:    
Accounts payable 8,595 6,161
Accrued compensation and benefits 22,808 13,759
Operating lease liabilities 974 949
Liability related to sale of future royalties 20,372  
Accrued liabilities 35,549 40,308
Debt   46,893
Total current liabilities 88,298 108,070
Noncurrent operating lease liabilities 2,266 3,006
Noncurrent liability related to sale of future royalties 104,421  
Noncurrent debt 118,476 35,051
Total liabilities 313,461 146,127
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 3,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.001 par value; 1,350,000,000 shares authorized; 606,387,666 and 544,912,215 shares issued and outstanding at December 31, 2024 and 2023, respectively 606 545
Additional paid-in capital 2,051,794 1,844,988
Accumulated deficit (1,772,341) (1,597,769)
Accumulated other comprehensive gain 261 185
Total stockholders' equity 280,320 247,949
Total liabilities and stockholders' equity $ 593,781 $ 394,076