CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 62,417	$ 73,336
Short-term marketable securities	52,491	55,739
Related party receivables from collaborative arrangements	83,286	70,540
Prepaid expenses and other current assets	849	754
Total current assets	199,043	200,369
Property and equipment, net	160	209
Capitalized fees paid to a related party, net	152,899	166,722
Deferred tax assets	196,054	0
Other assets	37	37
Total assets	548,193	367,337
Current liabilities:
Accounts payable	11	601
Accrued personnel-related expenses	470	1,721
Accrued interest payable	4,264	5,920
Other accrued liabilities	955	1,500
Current portion of long-term debt	0	25,000
Total current liabilities	5,700	34,742
Long-term debt, net of current portion, discount and issuance costs	382,855	574,362
Other long-term liabilities	586	940
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):
Preferred stock: $0.01 par value, 230 shares authorized, no shares issued and outstanding
Common stock: $0.01 par value, 200,000 shares authorized, 101,098 issued and outstanding as of December 31, 2018 and 102,046 shares issued as of December 31, 2017	1,011	1,019
Treasury stock: 150 shares as of December 31, 2017	0	(3,263)
Additional paid-in capital	1,256,267	1,258,151
Accumulated other comprehensive loss	(3)	(18)
Accumulated deficit	(1,103,692)	(1,498,748)
Total Innoviva stockholders' equity (deficit)	153,583	(242,859)
Noncontrolling interest	5,469	152
Total stockholders' equity (deficit)	159,052	(242,707)
Total liabilities and stockholders' equity (deficit)	$ 548,193	$ 367,337