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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 30,109 $ 35,277
Short-term investments 214,386 268,339
Accounts receivable 0 1,205
Inventory, net 0 16,101
Other current assets 8,933 9,779
Assets held for sale 33,053 0
Total current assets 286,481 330,701
Long-term investments 4,537 25,825
Property, plant and equipment, net 3,603 18,856
Operating lease right-of-use assets 8,826 18,007
Other assets 4,519 4,644
Total assets 307,966 398,033
Current liabilities:    
Accounts payable 8,577 9,848
Accrued expenses 32,377 22,162
Operating lease liabilities, current portion 21,504 19,259
Liabilities related to assets held for sale 5,125 0
Total current liabilities 67,583 51,269
Operating lease liabilities, less current portion 86,758 98,517
Liabilities related to the sales of future royalties, net 97,829 112,625
Other long-term liabilities 6,912 4,635
Total liabilities 259,082 267,046
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at September 30, 2024 or December 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 192,743 shares and 191,384 shares issued at September 30, 2024 and December 31, 2023, respectively; 184,458 shares and 191,384 shares outstanding at September 30, 2024 and December 31, 2023, respectively; 19 19
Capital in excess of par value 3,654,981 3,608,137
Treasury stock, at cost; 8,285 shares as of September 30, 2024 and none as of December 31, 2023, respectively (3,000) 0
Accumulated other comprehensive income (loss) 355 80
Accumulated deficit (3,603,471) (3,477,249)
Total stockholders’ equity 48,884 130,987
Total liabilities and stockholders’ equity $ 307,966 $ 398,033