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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (72,579) $ (77,125)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,754 1,676
Amortization of intangible assets 330 125
Stock-based compensation expense 9,272 2,174
Amortization of premiums/(accretion of discounts) on marketable securities, net 113 (100)
Amortization of debt issuance costs 518 17,438
Amortization of right-of-use assets 507 470
Research and development - license acquired   15,000
Gain on disposal of property and equipment   (1)
Loss on debt extinguishment   1,447
Change in fair value of warrant liability and embedded derivative 5,555 608
Change in fair value of contingent consideration (1,466) 700
Changes in operating assets and liabilities, net of effect from business combination:    
Accounts receivable (1,630) (697)
Inventory (1,865) (3,829)
Prepaid expenses and other current assets (2,729) (306)
Other assets (387) (8)
Accounts payable 753 2,873
Accrued liabilities 1,423 9,268
Operating lease liabilities (615) (536)
Other long-term liabilities 8  
Net cash used in operating activities (61,038) (30,823)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (108,528) (68,735)
Sales of available-for-sale marketable securities 17,095  
Maturities of available-for-sale marketable securities 45,000 11,550
Purchases of property and equipment (7,822) (683)
Purchase of research and development license   (10,000)
Cash paid, net of cash acquired for the Rhythm Xience Acquisition   (3,000)
Net cash used in investing activities (54,255) (70,868)
Cash flows from financing activities    
Proceeds from issuance of debt and warrants   77,000
Repayment of debt   (15,000)
Payment of issuance and extinguishment costs related to debt   (2,332)
Payment of contingent consideration (2,636)  
Proceeds from issuance of convertible preferred stock, net of issuance costs   66,567
Proceeds from issuance of common stock upon IPO, net of issuance costs 166,286  
Proceeds from stock options exercises 350 76
Net cash provided by financing activities 164,000 126,311
Effect of exchange rate changes on cash, cash equivalents and restricted cash 143 (50)
Net change in cash, cash equivalents and restricted cash 48,850 24,570
Cash, cash equivalents and restricted cash, at the beginning of the period 9,602 9,775
Cash, cash equivalents and restricted cash, at the end of the period 58,452 34,345
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,526 4,647
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Series D convertible preferred stock for 2018 Convertible Notes and 2019 Convertible Notes   68,476
Issuance of Series D convertible preferred stock for Biotronik asset purchase 5,000  
Issuance of Series D convertible preferred stock for Rhythm Xience Acquisition 2,197  
Change in unrealized (gain) loss on marketable securities 50 (47)
Warrants issued in conjunction with OrbiMed debt   872
Right-of-use assets exchanged for operating lease liabilities   2,978
Accrued purchase of research and development-license   5,000
Unpaid purchases of property and equipment 88 $ 35
Conversion of convertible preferred stock into common stock upon IPO 260,555  
Reclassification of warrant liability to stockholders' equity $ 14,474