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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 198,738 $ 135,990
Accounts receivable   5,456
Prepaid expenses and other current assets 4,792 5,100
Research and development incentives receivable 14,258 9,177
Total current assets 217,788 155,723
Property and equipment, net 2,353 2,317
Operating lease right-of-use assets 3,528 1,290
Other assets 2,379 1,822
Total assets 226,048 161,152
Current liabilities:    
Accounts payable 3,471 1,365
Accrued expenses and other current liabilities 11,063 11,629
Deferred revenue, current portion 8,739 10,135
Total current liabilities 23,273 23,129
Long-term debt, net of discount 29,628 14,505
Operating lease liabilities, net of current portion 2,801 426
Deferred revenue, net of current portion 25,335 25,021
Other long-term liabilities 2,961 2,611
Total liabilities 83,998 65,692
Commitments and contingencies (Note 11)
Shareholders' equity:    
Ordinary shares, 0.01 nominal value; 55,295,420 and 31,995,653 shares authorized at June 30, 2021 and December 31, 2020, respectively; 24,124,552 and 21,094,557 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 309 266
Additional paid-in capital 330,911 249,947
Accumulated other comprehensive loss (3,506) (3,193)
Accumulated deficit (185,664) (151,560)
Total shareholders' equity 142,050 95,460
Total liabilities and shareholders' equity $ 226,048 $ 161,152