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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 372,769 $ 438,680
Accounts receivable 10,000 1,000
Prepaid expenses and other current assets 9,454 7,965
Research and development incentives receivable 16,270 10,910
Total current assets 408,493 458,555
Property and equipment, net 16,815 3,123
Operating lease right-of-use assets 15,076 14,666
Other assets 5,098 3,448
Total assets 445,482 479,792
Current liabilities:    
Accounts payable 4,859 2,721
Accrued expenses and other current liabilities 16,952 14,244
Deferred revenue, current portion 19,530 19,273
Total current liabilities 41,341 36,238
Long-term debt, net of discount 30,144 29,873
Operating lease liabilities, net of current portion 12,496 12,081
Deferred revenue, net of current portion 46,849 52,067
Other longterm liabilities 3,260 3,279
Total liabilities 134,090 133,538
Commitments and contingencies (Note 11)
Shareholders' equity:    
Ordinary shares, 0.01 nominal value; 57,820,181 and 55,295,420 shares authorized at June 30, 2022 and December 31, 2021, respectively; 29,666,317 and 29,579,364 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 385 384
Additional paid-in capital 584,152 567,637
Accumulated other comprehensive loss (374) (3,388)
Accumulated deficit (272,771) (218,379)
Total shareholders' equity 311,392 346,254
Total liabilities and shareholders' equity $ 445,482 $ 479,792