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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (82,739) $ (48,782)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 21,239 9,084
Depreciation and amortization 2,303 1,002
Non-cash interest 359 347
Changes in operating assets and liabilities:    
Accounts receivable 348 5,544
Research and development incentives receivable (3,064) 1,318
Prepaid expenses and other current assets (2,137) (719)
Operating lease right-of-use assets 2,015 (2,024)
Other assets (2,640) (955)
Accounts payable 4,931 270
Accrued expenses and other current liabilities 5,495 (521)
Operating lease liabilities (1,446) 2,123
Deferred revenue (969) 28,473
Other long-term liabilities 503 481
Net cash used in operating activities (55,802) (4,359)
Cash used in investing activities:    
Purchases of property and equipment (17,539) (963)
Net cash used in investing activities (17,539) (963)
Cash flows from financing activities:    
Proceeds from the issuance of ADSs, net of issuance costs   102,595
Issuance of ordinary shares pursuant to the Ionis share purchase agreement   7,558
Proceeds from the exercise of share options and sale of ordinary shares 804 4,908
Proceeds from issuance of debt   15,000
Net cash provided by financing activities 804 130,061
Effect of exchange rate changes on cash and cash equivalents (4,674) (1,205)
Net (decrease) increase in cash and cash equivalents (77,211) 123,534
Cash and cash equivalents at beginning of period 438,680 135,990
Cash and cash equivalents at end of period 361,469 259,524
Supplemental disclosure of cash flow information    
Cash paid for interest 2,099 1,753
Cash paid for income taxes 1,203 87
Cash paid for amounts included in the measurement of operating lease liabilities 2,245 676
Purchases of property and equipment included in accounts payable and accrued expenses 318 $ 298
Non-cash impact right-of-use asset and operating lease liabilities $ 3,120