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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 97,376 $ 107,954
Short-term investments 126,404 98,417
Accounts receivable, net 24,888 21,266
Inventory 28,680 31,122
Prepaid expenses and other current assets 33,953 17,538
Total current assets 311,301 276,297
Property and equipment, net 561 734
Operating lease right-of-use assets 11,095 11,931
Other long-term assets 7,853 827
Intangible asset, net 16,500 17,250
Deferred tax assets 207,988 219,283
Total assets 555,298 526,322
Current liabilities:    
Accounts payable 8,328 8,246
Accrued collaboration expenses 29,148 16,939
Accrued expenses 40,379 27,728
Deferred revenue   307
Operating lease liabilities 2,031 2,253
Other current liabilities 16,069 8,193
Total current liabilities 95,955 63,666
Non-current liabilities:    
Non-current deferred revenue 11,811 11,954
Non-current operating lease liabilities 8,564 10,005
Other long-term liabilities 1,962 1,858
Total liabilities 118,292 87,483
Commitments and contingencies (Note 13)
Shareholders' equity:    
Additional paid-in capital 949,282 916,763
Accumulated other comprehensive income (loss) (41) 6
Accumulated deficit (512,255) (477,950)
Total shareholders' equity 437,006 438,839
Total liabilities and shareholders' equity 555,298 526,322
Class A ordinary shares    
Shareholders' equity:    
Common stock value 11 10
Class B ordinary shares    
Shareholders' equity:    
Common stock value 1 1
Class A1 ordinary shares    
Shareholders' equity:    
Common stock value 4 5
Class B1 ordinary shares    
Shareholders' equity:    
Common stock value $ 4 $ 4