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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net (loss) income $ (19,581,000) $ (13,445,000) $ 30,874,000 $ (865,000) $ (33,026,000) $ 30,009,000  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:              
Depreciation and amortization         417,000 975,000  
Remeasurement of acquisition-related contingent consideration         0 3,396,000  
Remeasurement of financing-related contingent consideration         0 435,000  
Amortization of debt discount and debt issuance costs 313,000   1,620,000   625,000 3,193,000  
Change in deferred tax and income tax deferred charge         (6,228,000) 161,000  
Stock-based compensation expense         3,729,000 1,511,000  
Gain from the disposition of the hospital products 0 0 (45,760,000)   0 (45,760,000)  
Gain from the release of certain liabilities (88,000)   0   (166,000) 0  
Other adjustments         757,000 477,000  
Net changes in assets and liabilities              
Accounts receivable         0 2,589,000  
Inventories         0 (1,353,000)  
Prepaid expenses and other current assets         (3,106,000) (1,149,000)  
Research and development tax credit receivable         3,078,000 2,036,000  
Accounts payable & other current liabilities         176,000 (1,550,000)  
Accrued expenses         1,199,000 (6,906,000)  
Accrued income taxes         0 321,000  
Earn-out payments for contingent consideration in excess of acquisition-date fair value         0 (3,736,000)  
Royalty payments for contingent consideration payable in excess of original fair value         0 (608,000)  
Other assets and liabilities         (1,021,000) (3,458,000)  
Net cash used in operating activities         (33,566,000) (19,417,000)  
Cash flows from investing activities:              
Purchases of property and equipment         (26,000) 0  
Proceeds from the disposition of the hospital products         16,500,000 14,500,000  
Proceeds from sales of marketable securities         66,213,000 15,716,000  
Purchases of marketable securities         (53,372,000) (97,878,000)  
Net cash provided by (used in) investing activities         29,315,000 (67,662,000)  
Cash flows from financing activities:              
Proceeds from the February 2020 private placement         0 60,639,000  
Proceeds from the May 2020 public offering         0 116,974,000  
Proceeds from stock option exercises and employee stock purchase plan         149,000 1,903,000  
Net cash provided by financing activities         149,000 179,516,000  
Effect of foreign currency exchange rate changes on cash and cash equivalents         (478,000) (37,000)  
Net change in cash and cash equivalents         (4,580,000) 92,400,000  
Cash and cash equivalents at January 1,   $ 71,722,000   $ 9,774,000 71,722,000 9,774,000 $ 9,774,000
Cash and cash equivalents at June 30, $ 67,142,000   $ 102,174,000   67,142,000 102,174,000 $ 71,722,000
Supplemental disclosures of cash flow information:              
Interest paid         3,234,000 3,234,000  
Income taxes paid (refund)         $ 7,000 $ (1,795,000)