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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,921 $ 88,227
Short-term investments 307,737 416,750
Accounts receivable 2,204 5,981
Inventory, net 15,130 19,202
Other current assets 9,033 15,808
Total current assets 399,025 545,968
Property, plant and equipment, net 19,949 32,451
Operating lease right-of-use assets 18,747 53,435
Goodwill 0 76,501
Other assets 4,523 2,245
Total assets 442,244 710,600
Current liabilities:    
Accounts payable 3,288 12,980
Accrued expenses 29,729 36,557
Operating lease liabilities, current portion 19,095 18,667
Total current liabilities 52,112 68,204
Operating lease liabilities, less current portion 102,193 112,829
Liabilities related to the sales of future royalties, net 123,610 155,378
Other long-term liabilities 4,961 7,551
Total liabilities 282,876 343,962
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at September 30, 2023 or December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 190,771 shares and 188,560 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 19 19
Capital in excess of par value 3,600,871 3,574,719
Accumulated other comprehensive loss (6,352) (6,907)
Accumulated deficit (3,435,170) (3,201,193)
Total stockholders’ equity 159,368 366,638
Total liabilities and stockholders’ equity $ 442,244 $ 710,600