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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (146,234,000) $ (202,847,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,654,000 1,726,000
Stock-based compensation expense 26,729,000 28,479,000
Write-off of prepaid manufacturing services related to the termination of CHS-2020   3,210,000
Non-cash interest expense from amortization of debt discount & issuance costs 4,677,000 2,064,000
Upfront and option payments to Junshi Biosciences 35,000,000 136,000,000
Loss on debt extinguishment 6,222,000  
Other non-cash adjustments, net 1,208,000 1,896,000
Changes in operating assets and liabilities:    
Trade receivables, net 7,327,000 15,243,000
Inventory (14,203,000) (3,860,000)
Prepaid manufacturing 6,490,000 2,335,000
Other prepaid, current and non-current assets (6,223,000) (3,556,000)
Accounts payable 1,423,000 (773,000)
Accrued rebates, fees and reserves (14,480,000) 2,229,000
Accrued compensation (5,086,000) (7,428,000)
Accrued and other current and non-current liabilities (8,586,000) 26,461,000
Net cash (used in) provided by operating activities (104,082,000) 1,179,000
Investing activities    
Purchases of property and equipment (1,495,000) (560,000)
Purchases of investments in marketable securities   (140,330,000)
Proceeds from maturities of investments in marketable securities   15,000,000
Upfront and option payments to Junshi Biosciences (35,000,000) (136,000,000)
Net cash used in investing activities (36,495,000) (261,890,000)
Financing activities    
Proceeds from 2027 Term Loans, net of debt discount & issuance costs 191,190,000  
Proceeds from issuance of common stock to Junshi Biosciences, net of issuance costs   40,903,000
Proceeds from issuance of common stock upon exercise of stock options 552,000 8,446,000
Proceeds from purchase under the employee stock purchase plan 1,655,000 1,985,000
Taxes paid related to net share settlement of RSUs (3,300,000) (1,730,000)
Repayment of 2022 Convertible Notes and premiums (109,000,000)  
Repayment of 2025 Term Loan, premiums and exit fees (81,750,000)  
Other financing activities (481,000) (313,000)
Net cash (used in) provided by financing activities (1,134,000) 49,291,000
Net decrease in cash, cash equivalents and restricted cash (141,711,000) (211,420,000)
Cash, cash equivalents and restricted cash at beginning of period 417,635,000 541,598,000
Cash, cash equivalents and restricted cash at end of period $ 275,924,000 $ 330,178,000