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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 407,371 $ 438,680
Accounts receivable   1,000
Prepaid expenses and other current assets 9,067 7,965
Research and development incentives receivable 13,328 10,910
Total current assets 429,766 458,555
Property and equipment, net 8,849 3,123
Operating lease right-of-use assets 16,750 14,666
Other assets 4,198 3,448
Total assets 459,563 479,792
Current liabilities:    
Accounts payable 3,999 2,721
Accrued expenses and other current liabilities 12,265 14,244
Deferred revenue, current portion 19,150 19,273
Total current liabilities 35,414 36,238
Long-term debt, net of discount 30,008 29,873
Operating lease liabilities, net of current portion 14,093 12,081
Deferred revenue, net of current portion 46,428 52,067
Other longterm liabilities 3,362 3,279
Total liabilities 129,305 133,538
Commitments and contingencies (Note 11)
Shareholders' equity:    
Ordinary shares, 0.01 nominal value; 57,070,181 and 55,295,420 shares authorized at March 31, 2022 and December 31, 2021, respectively; 29,644,438 and 29,579,364 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 385 384
Additional paid-in capital 578,284 567,637
Accumulated other comprehensive loss (2,468) (3,388)
Accumulated deficit (245,943) (218,379)
Total shareholders' equity 330,258 346,254
Total liabilities and shareholders' equity $ 459,563 $ 479,792