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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net (loss) income $ (291,754) $ (287,100) $ 132,244
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 3,699 3,454 2,888
Stock-based compensation expense 50,737 51,364 38,160
Write-off of prepaid manufacturing services related to the termination of CHS-2020   3,210  
Inventory write-offs, net 26,000 5,133 2,171
Non-cash interest expense from amortization of debt discount & issuance costs 6,431 4,257 3,481
Upfront and option payments to Junshi Biosciences 35,000 136,000  
Other upfront and milestone based license fee payments     7,500
Loss on debt extinguishment 6,222    
Other non-cash adjustments, net 1,798 3,890 2,352
Changes in operating assets and liabilities:      
Trade receivables, net 13,052 34,062 (15,218)
Inventory (47,348) (6,253) (38,359)
Prepaid manufacturing (4,214) 3,828 (10,851)
Other prepaid, current and non-current assets (13,424) (5,351) (2,020)
Accounts payable (4,548) 874 (9,820)
Accrued rebates, fees and reserves (24,566) (2,502) 30,409
Accrued compensation 596 (230) 6,212
Accrued and other current and non-current liabilities 1,195 17,932 4,996
Net cash (used in) provided by operating activities (241,124) (37,432) 154,145
Investing activities      
Purchases of property and equipment (2,039) (1,289) (7,231)
Proceeds from disposal of property and equipment     175
Purchases of investments in marketable securities (127,382) (182,485) (273,845)
Proceeds from maturities of investments in marketable securities   99,692 274,000
Proceeds from sale of investments in marketable securities   81,672  
Upfront and option payments to Junshi Biosciences (35,000) (136,000)  
Other upfront and milestone based license fee payments (2,429)   (7,500)
Net cash used in investing activities (166,850) (138,410) (14,401)
Financing activities      
Proceeds from issuance of 2026 Convertible Notes, net of issuance costs     222,156
Proceeds from 2027 Term Loans, net of debt discount & issuance costs 240,679    
Proceeds from issuance of common stock to Junshi Biosciences, net of issuance costs   40,903  
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 6,358    
Proceeds from issuance of common stock upon exercise of stock options 691 10,399 17,428
Proceeds from purchase under the employee stock purchase plan 2,320 3,002 3,801
Purchase of capped call options related to 2026 Convertible Notes     (18,170)
Taxes paid related to net share settlement of RSUs (3,744) (1,753) (880)
Repayment of 2022 Convertible Notes and premiums (109,000)    
Repayment of 2025 Term Loan, premiums and exit fees (81,750)    
Other financing activities (1,228) (672) (389)
Net cash provided by financing activities 54,326 51,879 223,946
Net (decrease) increase in cash, cash equivalents and restricted cash (353,648) (123,963) 363,690
Cash, cash equivalents and restricted cash at beginning of period 417,635 541,598 177,908
Cash, cash equivalents and restricted cash at end of period 63,987 417,635 541,598
Supplemental disclosure of cash flow information      
Cash paid for interest 34,878 18,684 16,959
Cash paid for income taxes 40 1,221 3,953
Right-of-use assets obtained in exchange for lease obligations related to operating leases   434 1,388
Right-of-use assets obtained in exchange for lease obligations related to finance leases 2,694 477 1,817
Supplemental disclosures of non-cash investing and financing activities      
Purchase of property and equipment in accounts payable and accrued liabilities $ 32 $ 119 109
Non-cash employee bonuses settled in common stock     $ 1,498