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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 16,149 $ 59,640
Short-term investments 249,398 329,462
Accounts receivable, net 4,114 15,678
Inventory 11,008 11,109
Other current assets 7,496 10,063
Total current assets 288,165 425,952
Long-term investments 45,160 0
Property, plant and equipment, net 64,929 65,601
Goodwill 76,501 76,501
Other assets 1,104 817
Total assets 475,859 568,871
Current liabilities:    
Accounts payable 6,241 2,816
Accrued compensation 14,346 18,280
Accrued clinical trial expenses 6,683 7,958
Other accrued expenses 6,683 4,711
Interest payable 4,144 4,198
Capital lease obligations, current portion 2,706 2,908
Liability related to refundable upfront payment 12,500 12,500
Deferred revenue, current portion 13,373 14,352
Other current liabilities 5,937 4,499
Total current liabilities 72,613 72,222
Senior secured notes, net 244,336 243,464
Capital lease obligations, less current portion 1,056 2,223
Liability related to the sale of future royalties, net 101,897 105,950
Deferred revenue, less current portion 48,979 51,887
Other long-term liabilities 3,592 5,000
Total liabilities 472,473 480,746
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at June 30, 2017 or December 31, 2016 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 155,861 shares and 153,212 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 15 15
Capital in excess of par value 2,150,019 2,111,483
Accumulated other comprehensive loss (1,662) (2,363)
Accumulated deficit (2,144,986) (2,021,010)
Total stockholders’ equity 3,386 88,125
Total liabilities and stockholders’ equity $ 475,859 $ 568,871