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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 58,288 $ 68,454
Marketable securities 422,407 445,733
Accounts receivable 15,500 0
Prepaid expenses 8,071 6,718
Other current assets 6,323 11,825
Total current assets 510,589 532,730
Property and equipment, net 10,632 2,870
Operating lease right-of-use assets 8,423 0
Intangible assets 102,500 102,500
Goodwill 6,234 6,234
Other noncurrent assets 2,154 3,997
Total assets 640,532 648,331
Current liabilities:    
Accounts payable 8,167 7,989
Accrued and other current liabilities 18,594 18,086
Deferred revenue, current 5,000 0
Current portion of operating lease liabilities 1,412 0
Current portion of contingent consideration 22,800 32,300
Total current liabilities 55,973 58,375
Deferred revenue, noncurrent 10,500 0
Operating lease liabilities, net of current portion 11,355 0
Contingent consideration, net of current portion 48,400 45,900
Deferred income taxes 17,425 17,425
Other long-term liabilities 0 3,830
Total liabilities 143,653 125,530
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.001 par value; 50,000 shares authorized; 42,446 and 41,925 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 42 42
Additional paid-in capital 1,227,620 1,218,710
Accumulated deficit (731,156) (695,954)
Accumulated other comprehensive income 373 3
Total stockholders’ equity 496,879 522,801
Total liabilities and stockholders’ equity $ 640,532 $ 648,331