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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 50,728 $ 88,227
Short-term investments 358,704 416,750
Accounts receivable 1,335 5,981
Inventory, net 20,689 19,202
Other current assets 9,602 15,808
Total current assets 441,058 545,968
Property, plant and equipment, net 22,554 32,451
Operating lease right-of-use assets 29,015 53,435
Goodwill 0 76,501
Other assets 1,652 2,245
Total assets 494,279 710,600
Current liabilities:    
Accounts payable 2,619 12,980
Accrued expenses 29,142 36,557
Operating lease liabilities, current portion 18,933 18,667
Total current liabilities 50,694 68,204
Operating lease liabilities, less current portion 105,817 112,829
Liabilities related to the sales of future royalties, net 135,659 155,378
Other long-term liabilities 5,151 7,551
Total liabilities 297,321 343,962
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at June 30, 2023 or December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 190,119 shares and 188,560 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 19 19
Capital in excess of par value 3,592,722 3,574,719
Accumulated other comprehensive loss (6,450) (6,907)
Accumulated deficit (3,389,333) (3,201,193)
Total stockholders’ equity 196,958 366,638
Total liabilities and stockholders’ equity $ 494,279 $ 710,600