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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,593 $ 127,677
Short-term investments 234,667 205,611
Accounts receivable, net 14,541 6,224
Inventory 7,762 2,917
Prepaid expenses and other current assets 7,638 11,807
Total current assets 329,201 354,236
Property and equipment, net 1,545 2,197
Right-of-use asset 888 1,182
Intangible assets, net 7,242 7,883
Restricted cash 328 328
Other long-term assets 14,995 16,655
Total assets 354,199 382,481
Current liabilities:    
Accounts payable 3,839 4,797
Accrued expenses and other current liabilities 44,271 32,894
Deferred revenue 1,286 1,434
Lease liability 748 684
Total current liabilities 50,144 39,809
Long-term liabilities:    
Deferred royalty obligation 104,699 75,810
Lease liability 692 1,260
Derivative liability 1,190 1,340
Total liabilities 156,725 118,219
Stockholders' equity:    
Common stock, $0.001 par value: 120,000,000 shares authorized; 59,063,549 and 56,612,429 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 59 56
Additional paid-in capital 1,050,631 974,356
Accumulated other comprehensive loss (113) (92)
Accumulated deficit (853,103) (710,058)
Total stockholders' equity 197,474 264,262
Total liabilities and stockholders' equity $ 354,199 $ 382,481