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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 42,326 $ 46,732
Marketable securities 206,803 227,311
Accounts receivable from collaboration 3,055 3,374
Prepaid expenses and other current assets 4,568 5,363
Total current assets 256,752 282,780
Property and equipment, net 1,780 1,830
Operating lease right-of-use (ROU) assets 11,479 11,975
Other assets 1,661 1,684
Indefinite-lived intangible asset 29,000 29,000
Goodwill 12,638 12,638
Total assets 313,310 339,907
Current liabilities    
Accounts payable 2,104 1,731
Accrued clinical expenses 4,633 4,826
Other accrued expenses 4,430 8,286
Deferred revenue - short-term 6,715 6,411
Operating lease liabilities - short-term 3,264 3,186
Total current liabilities 21,146 24,440
Deferred tax liabilities 2,531 2,531
Deferred revenue - long-term 29,326 30,637
Operating lease liabilities - long-term 8,539 9,082
Total liabilities 61,542 66,690
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 32,624,725 and 32,558,307 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 32 32
Additional paid-in capital 717,898 712,807
Accumulated other comprehensive loss (86) (201)
Accumulated deficit (466,076) (439,421)
Total stockholders' equity 251,768 273,217
Total liabilities and stockholders' equity $ 313,310 $ 339,907