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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 27,940 $ 35,277
Short-term investments 243,295 268,339
Accounts receivable 1,196 1,205
Inventory, net 14,465 16,101
Other current assets 8,292 9,779
Total current assets 295,188 330,701
Long-term investments 19,405 25,825
Property, plant and equipment, net 15,187 18,856
Operating lease right-of-use assets 9,240 18,007
Other assets 4,314 4,644
Total assets 343,334 398,033
Current liabilities:    
Accounts payable 6,475 9,848
Accrued expenses 29,514 22,162
Operating lease liabilities, current portion 21,337 19,259
Total current liabilities 57,326 51,269
Operating lease liabilities, less current portion 90,763 98,517
Liabilities related to the sales of future royalties, net 107,506 112,625
Other long-term liabilities 8,051 4,635
Total liabilities 263,646 267,046
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at June 30, 2024 or December 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 192,346 shares and 191,384 shares issued at June 30, 2024 and December 31, 2023, respectively; 184,061 shares and 191,384 shares outstanding at June 30, 2024 and December 31, 2023, respectively; 19 19
Capital in excess of par value 3,649,577 3,608,137
Treasury stock, at cost; 8,285 shares as of June 30, 2024 and none as of December 31, 2023, respectively (3,000) 0
Accumulated other comprehensive income (loss) (494) 80
Accumulated deficit (3,566,414) (3,477,249)
Total stockholders’ equity 79,688 130,987
Total liabilities and stockholders’ equity $ 343,334 $ 398,033