XML 10 R3.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Current assets:        
Cash and cash equivalents $ 193,272 $ 238,480    
Short-term investments 107,457 56,619    
Accounts receivable, net 19,912 14,901    
Inventory 26,442 28,545    
Prepaid expenses and other current assets 36,019 34,848    
Total current assets 383,102 373,393    
Property and equipment, net 83,620 84,220    
Goodwill 1,931 1,931    
Other intangible asset 1,053 1,073    
Long-term investments 3,726 7,155    
Other assets 7,447 7,426    
Total assets 480,879 475,198    
Current liabilities:        
Accounts payable 7,149 9,580    
Accrued expenses and other current liabilities 42,291 42,036    
Financing liability — current 9,872 9,809    
Midcap credit facility - current 20,000 20,000    
Liability for sale of future royalties - current 10,537 9,756    
Deferred revenue — current 7,601 9,085    
Recognized loss on purchase commitments — current 2,446 3,859    
Total current liabilities 99,896 104,125    
Mann Group convertible note 8,829 8,829    
Accrued interest - Mann Group convertible note 55 56    
Financing liability — long term 94,207 94,319    
Midcap credit facility - long term 8,105 13,019    
Senior convertible notes 227,214 226,851    
Liability for sale of future royalties - long term 137,418 136,054    
Recognized loss on purchase commitments — long term 60,287 60,942    
Operating lease liability 3,645 3,925    
Deferred revenue — long term 67,741 69,794    
Milestone liabilities 3,452 3,452    
Total liabilities 710,849 721,366    
Commitments and contingencies (Note 14)    
Stockholders' deficit:        
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding as of March 31, 2024 or December 31, 2023    
Common stock, $0.01 par value - 800,000,000 shares authorized; 270,801,781 and 270,034,495 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 2,703 2,700    
Additional paid-in capital 2,986,104 2,980,539    
Accumulated deficit (3,218,777) (3,229,407)    
Total stockholders' deficit (229,970) (246,168) $ (255,396) $ (250,538)
Total liabilities and stockholders' deficit $ 480,879 $ 475,198