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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 67,993 $ 25,218
Short-term investments 599,032 708,737
Accounts receivable 30,220 22,492
Inventory 15,379 15,801
Other current assets 20,831 23,333
Total current assets 733,455 795,581
Long-term investments 37,363 64,828
Property, plant and equipment, net 60,980 60,510
Operating lease right-of-use assets 114,296 117,025
Goodwill 76,501 76,501
Other assets 1,521 2,744
Total assets 1,024,116 1,117,189
Current liabilities:    
Accounts payable 12,617 9,747
Accrued compensation 22,653 15,735
Accrued clinical trial expenses 33,403 26,809
Other accrued expenses 17,011 15,468
Operating lease liabilities, current portion 19,597 17,441
Total current liabilities 105,281 85,200
Operating lease liabilities, less current portion 122,638 125,736
Development derivative liability 0 27,726
Liabilities related to the sales of future royalties, net 185,604 195,427
Other long-term liabilities 2,704 3,592
Total liabilities 416,227 437,681
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at March 31, 2022 or December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 186,274 shares and 185,468 shares outstanding at March 31, 2022 or December 31, 2021, respectively 19 19
Capital in excess of par value 3,537,790 3,516,641
Accumulated other comprehensive loss (6,532) (4,157)
Accumulated deficit (2,923,388) (2,832,995)
Total stockholders’ equity 607,889 679,508
Total liabilities and stockholders’ equity $ 1,024,116 $ 1,117,189