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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 82,248 $ 124,775
Short-term investments 0 42,086
Accounts receivable 48,494 33,729
Inventories, net 65,623 35,201
Prepaid clinical development costs 193 1,026
Other prepaid and current assets 4,507 9,866
Total current assets 201,065 246,683
Noncurrent assets:    
Property and equipment, net 0 164
Right of use operating lease assets 4,675 1,036
Intangible assets 56 56
Total assets 205,796 247,939
Current liabilities:    
Accounts payable 31,718 23,040
Accrued clinical development costs 3,441 5,426
Accrued legal fees 34,284 21,987
Other accrued liabilities 24,998 13,204
Revenue interest liability 34,828 24,760
Deferred revenue from collaborations 25,402 3,507
Operating lease liabilities 1,553 384
Total current liabilities 156,224 92,308
Convertible notes, net of issuance costs 261,596 259,899
Revenue interest liability 239,950 218,845
Operating lease liabilities 3,020 665
Total liabilities 660,790 571,717
Commitments and contingencies (Note 5)
Stockholders’ (deficit) equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding as of December 31, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 480,000,000 shares authorized as of December 31, 2023 and 240,000,000 shares authorized as of December 31, 2022; 120,204,513 shares issued at December 31, 2023 and 76,564,396 shares issued at December 31, 2022 118 75
Additional paid-in capital 1,149,170 1,071,183
Treasury stock, at cost; 1,994,198 shares at December 31, 2023 and December 31, 2022 (54,998) (54,998)
Accumulated other comprehensive loss 0 (2)
Accumulated deficit (1,549,284) (1,340,036)
Total stockholders' deficit (454,994) (323,778)
Total liabilities and stockholders' deficit $ 205,796 $ 247,939