DEVELOPMENT DERIVATIVE LIABILITY (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Development Derivative Liability Activity

The following table presents the activity with respect to the development derivative liability, in thousands:

Development derivative liability as of December 31, 2020	$	25,585
Amount received under the Funding Agreement	4,200
Loss recorded from remeasurement of development derivative liability	18,253
Development derivative liability as of March 31, 2021	$	48,038