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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 35,277 $ 88,227
Short-term investments 268,339 416,750
Accounts receivable 1,205 5,981
Inventory 16,101 19,202
Other current assets 9,779 15,808
Total current assets 330,701 545,968
Long-term investments 25,825 0
Property, plant and equipment, net 18,856 32,451
Operating lease right-of-use assets 18,007 53,435
Goodwill 0 76,501
Other assets 4,644 2,245
Total assets 398,033 710,600
Current liabilities:    
Accounts payable 9,848 12,980
Accrued expenses 22,162 36,557
Operating lease liabilities, current portion 19,259 18,667
Total current liabilities 51,269 68,204
Operating lease liabilities, less current portion 98,517 112,829
Liabilities related to the sales of future royalties, net 112,625 155,378
Other long-term liabilities 4,635 7,551
Total liabilities 267,046 343,962
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at December 31, 2023 or 2022 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 191,384 shares and 188,560 shares issued and outstanding at December 31, 2023 and 2022, respectively 19 19
Capital in excess of par value 3,608,137 3,574,719
Accumulated other comprehensive income (loss) 80 (6,907)
Accumulated deficit (3,477,249) (3,201,193)
Total stockholders’ equity 130,987 366,638
Total liabilities and stockholders’ equity $ 398,033 $ 710,600