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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net Loss $ (22,491) $ (46,126)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 4,134 14,986
Depreciation and amortization 18 162
Impairment loss on operating lease 66 136
Loss on disposal of fixed assets 71 77
Equity investment in Lighthouse Pharmaceuticals, Inc. (78) 0
Non-cash goodwill impairment charge 0 825
Non-cash intangible impairment charge 5,900 0
Amortization of (discount) premium on available for sale investments (1,313) 83
Change in deferred tax liabilities due to acquisition of Novosteo, Inc. (248) (284)
Changes in operating assets and liabilities, net of acquisitions:    
Prepaid expenses and other current assets 2,272 2,396
Right of use assets and lease liabilities 192 0
Other assets 0 175
Accounts payable (161) (5,329)
Accrued expenses and other current liabilities (576) (5,304)
Net cash used in operating activities (12,214) (38,203)
Cash flow from investing activities:    
Purchase of investments (95,116) (66,767)
Proceeds from maturities of investments 84,514 55,495
Cash acquired from Novosteo, Inc. 0 10,593
Note receivable (500) 0
Proceeds from disposal of fixed assets 90 70
Purchase of property and equipment (136) (55)
Net cash used in investing activities (11,148) (664)
Cash flows from financing activities:    
Payments of finance leases (6) (31)
Proceeds from issuance of common stock upon exercise of stock options 92 148
Proceeds from issuance of common stock in connection with open market sales agreement, net of issuance costs 0 608
Net cash provided by financing activities 86 725
Effect of exchange rate changes on cash 329 227
Net decrease in cash and cash equivalents (22,947) (37,915)
Cash and cash equivalents at beginning of period 44,579 69,724
Cash and cash equivalents at end of period 21,632 31,809
Supplemental disclosures of non-cash information:    
Net assets acquired of Novosteo, Inc. in exchange for common stock 0 16,503
Right-of-use assets obtained in exchange for new operating lease liabilities 0 256
Right-of-use asset and financing lease liability reduction as a result of lease modification (70) 0
Right-of-use asset and operating lease liability reduction as a result of lease modification $ 0 $ (640)