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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 259,524 $ 135,990
Accounts receivable   5,456
Prepaid expenses and other current assets 5,644 5,100
Research and development incentives receivable 7,704 9,177
Total current assets 272,872 155,723
Property and equipment, net 2,437 2,317
Operating lease right-of-use assets 3,246 1,290
Other assets 2,778 1,822
Total assets 281,333 161,152
Current liabilities:    
Accounts payable 1,761 1,365
Accrued expenses and other current liabilities 10,953 11,629
Deferred revenue, current portion 17,463 10,135
Total current liabilities 30,177 23,129
Long-term debt, net of discount 29,753 14,505
Operating lease liabilities, net of current portion 2,495 426
Deferred revenue, net of current portion 45,044 25,021
Other long-term liabilities 3,041 2,611
Total liabilities 110,510 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 September 30, 2021 and December 31, 2020, respectively; 25,595,326 and 21,094,557 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 329 266
Additional paid-in capital 374,029 249,947
Accumulated other comprehensive loss (3,193) (3,193)
Accumulated deficit (200,342) (151,560)
Total shareholders' equity 170,823 95,460
Total liabilities and shareholders' equity $ 281,333 $ 161,152