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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 144,717 $ 82,248
Accounts receivable 67,824 48,494
Prepaid clinical development costs 499 193
Inventories, net 80,102 65,623
Other prepaid and current assets 14,413 4,507
Total current assets 307,555 201,065
Property and equipment, net 281 0
Right of use operating lease assets 6,222 4,675
Intangible assets 56 56
Total assets 314,114 205,796
Current liabilities:    
Accounts payable 34,864 31,718
Accrued clinical development costs 3,546 3,441
Accrued variable consideration 52,003 34,284
Other accrued liabilities 19,247 24,998
Revenue interest liability 0 34,828
Royalty sale liability 38,394 0
Deferred revenue from collaborations 15,078 25,402
Operating lease liabilities 2,741 1,553
Total current liabilities 165,873 156,224
Convertible notes, net of issuance costs 262,922 261,596
Revenue interest liability 0 239,950
Royalty sale liability 252,229 0
Operating lease liabilities 3,299 3,020
Total liabilities 684,323 660,790
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 480,000,000 shares authorized as of September 30, 2024 and 480,000,000 shares authorized as of December 31, 2023; 197,434,696 shares issued at September 30, 2024 and 120,204,513 shares issued at December 31, 2023 195 118
Additional paid-in capital 1,264,305 1,149,170
Treasury stock, at cost; 1,994,198 shares at September 30, 2024 and December 31, 2023 (54,998) (54,998)
Accumulated deficit (1,579,711) (1,549,284)
Total stockholders’ deficit (370,209) (454,994)
Total liabilities and stockholders’ deficit $ 314,114 $ 205,796