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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 60,081 $ 127,677
Short-term investments 215,765 205,611
Accounts receivable, net 14,867 6,224
Inventory 8,624 2,917
Prepaid expenses and other current assets 8,931 11,807
Total current assets 308,268 354,236
Property and equipment, net 1,341 2,197
Right-of-use asset 781 1,182
Intangible assets, net 7,028 7,883
Restricted cash 328 328
Other long-term assets 14,999 16,655
Total assets 332,745 382,481
Current liabilities:    
Accounts payable 4,885 4,797
Accrued expenses and other current liabilities 48,262 32,894
Deferred revenue 1,286 1,434
Lease liability 770 684
Total current liabilities 55,203 39,809
Long-term liabilities:    
Deferred royalty obligation 106,143 75,810
Lease liability, non-current 490 1,260
Derivative liability 1,150 1,340
Total liabilities 162,986 118,219
Stockholders' equity:    
Preferred Stock, $0.001 par value: 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and December 31, 2022
Common stock, $0.001 par value: 120,000,000 shares authorized; 59,426,559 and 56,612,429 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 59 56
Additional paid-in capital 1,064,302 974,356
Accumulated other comprehensive income (loss) 134 (92)
Accumulated deficit (894,736) (710,058)
Total stockholders' equity 169,759 264,262
Total liabilities and stockholders' equity $ 332,745 $ 382,481