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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 46,339 $ 238,480
Short-term investments 150,917 56,619
Accounts receivable, net 11,804 14,901
Inventory 27,886 28,545
Prepaid expenses and other current assets 31,360 34,848
Total current assets 268,306 373,393
Restricted cash 737  
Long-term investments 5,482 7,155
Property and equipment, net 85,365 84,220
Goodwill 1,931 1,931
Other intangible assets 5,265 1,073
Other assets 26,757 7,426
Total assets 393,843 475,198
Current liabilities:    
Accounts payable 6,792 9,580
Accrued expenses and other current liabilities 40,293 42,036
Liability for sale of future royalties - current 12,283 9,756
Financing liability - current 10,062 9,809
Deferred revenue - current 12,407 9,085
Recognized loss on purchase commitments — current   3,859
Midcap credit facility - current   20,000
Total current liabilities 81,837 104,125
Senior convertible notes 36,051 226,851
Liability for sale of future royalties - long term 137,362 136,054
Financing liability - long term 93,877 94,319
Deferred revenue — long term 51,160 69,794
Recognized loss on purchase commitments — long term 58,204 60,942
Operating lease liability 11,645 3,925
Milestone liabilities 2,523 3,452
Midcap credit facility - long term   13,019
Mann Group convertible note   8,829
Accrued interest - Mann Group convertible note   56
Total liabilities 472,659 721,366
Commitments and contingencies (Note 16)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding as of December 31, 2024 or 2023
Common stock, $0.01 par value - 800,000,000 shares authorized; 302,959,782 and 270,034,495 shares issued and outstanding as of December 31, 2024 and 2023, respectively 3,029 2,700
Additional paid-in capital 3,118,865 2,980,539
Accumulated other comprehensive income 1,109  
Accumulated deficit (3,201,819) (3,229,407)
Total stockholders' deficit (78,816) (246,168)
Total liabilities and stockholders' deficit $ 393,843 $ 475,198