Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 336,040	$ 271,772
Accounts receivable, net	6,904	0
Prepaid expenses	7,964	3,617
Tax incentive receivable	5,587	10,954
Equity interest receivable	4,315	0
Other current assets	3,443	3,365
Total current assets	364,253	289,708
Non-current assets:
Furniture and equipment, net	40	24
Goodwill	545	545
Equity interest	15,000	15,000
Right-of-use assets	1,980	2,847
Total non-current assets	17,565	18,416
Total assets	381,818	308,124
Current liabilities:
Accounts payable	6,831	3,492
Accrued expenses	18,143	3,585
Royalties payable	169	0
Current operating lease liabilities	952	1,180
Taxes payable	1,011	0
Other current liabilities	844	435
Total current liabilities	27,950	8,692
Non-current liabilities:
Term loan	120,009	48,374
Revenue interest purchase security agreement	102,019	0
Non-current operating lease liabilities	1,349	1,775
Total non-current liabilities	223,377	50,149
Total liabilities	251,327	58,841
Commitments and contingencies
Shareholders' equity:
Ordinary £0.05 par value shares; 667,659,630 and 667,659,630 issued, and 654,649,358 and 643,536,094 outstanding, at September 30, 2024 and December 31, 2023, respectively	42,771	42,771
Additional paid-in capital	621,628	601,063
Ordinary shares held in treasury	(828)	(1,517)
Accumulated other comprehensive loss	(4,601)	(4,601)
Accumulated deficit	(528,479)	(388,433)
Total shareholders' equity	130,491	249,283
Total liabilities and shareholders' equity	$ 381,818	$ 308,124