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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 88,227 $ 25,218
Short-term investments 416,750 708,737
Accounts receivable 5,981 22,492
Inventory 19,202 15,801
Other current assets 15,808 23,333
Total current assets 545,968 795,581
Long-term investments 0 64,828
Property, plant and equipment, net 32,451 60,510
Operating lease right-of-use assets 53,435 117,025
Goodwill 76,501 76,501
Other assets 2,245 2,744
Total assets 710,600 1,117,189
Current liabilities:    
Accounts payable 12,980 9,747
Accrued compensation 9,582 15,735
Accrued clinical trial expenses 12,262 26,809
Other accrued expenses 14,713 15,468
Operating lease liabilities, current portion 18,667 17,441
Total current liabilities 68,204 85,200
Operating lease liabilities, less current portion 112,829 125,736
Development derivative liability 0 27,726
Liabilities related to the sales of future royalties, net 155,378 195,427
Other long-term liabilities 7,551 3,592
Total liabilities 343,962 437,681
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at December 31, 2022 or 2021 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 188,560 shares and 185,468 shares issued and outstanding at December 31, 2022 and 2021, respectively 19 19
Capital in excess of par value 3,574,719 3,516,641
Accumulated other comprehensive loss (6,907) (4,157)
Accumulated deficit (3,201,193) (2,832,995)
Total stockholders’ equity 366,638 679,508
Total liabilities and stockholders’ equity $ 710,600 $ 1,117,189