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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 112,584 $ 85,209
Marketable securities 33,818 41,697
Other receivables 2,280 5,330
Tax incentive receivable, current 361 846
Prepaid expenses and other current assets 8,829 6,063
Total current assets 157,872 139,145
Property and equipment, net 1,026 1,669
Tax incentive receivable   311
Operating lease right-of-use assets 6,530 7,114
Other assets 5,644 5,212
Total assets 171,072 153,451
Current liabilities:    
Accounts payable 1,101 1,155
Accrued expenses and other current liabilities 14,350 12,241
Operating lease liabilities 1,362 947
Deferred Revenue, Current 1,857  
Derivative liability 802  
Total current liabilities 18,670 14,343
Liability related to the sale of future royalties 48,414  
Non-current operating lease liabilities 5,973 6,891
Deferred revenue, non-current 8,786  
Other long-term liabilities 138 177
Total liabilities 82,783 21,411
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, 3,218,287 shares issued and outstanding as of December 31, 2020 and 2,720 shares issued and outstanding as of December 31, 2019 3 3
Common stock, $0.001 par value; 60,000,000 shares authorized as of December 31, 2020 and December 31, 2019; 29,260,247 shares issued and outstanding as of December 31, 2020 and 19,190,695 shares issued and outstanding as of December 31, 2019 32 29
Additional paid-in capital 455,719 409,722
Accumulated deficit (367,463) (277,707)
Accumulated other comprehensive gain (loss) (2) (7)
Total stockholders' equity 88,289 132,040
Total liabilities and stockholders' equity $ 171,072 $ 153,451