CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 278,598	$ 326,441
Accounts receivable, net	25,182	72,971
Inventory	16,177	12,073
Prepaid expenses and other current assets	16,334	23,495
Total current assets	336,291	434,980
Property and equipment, net	5,622	3,355
Operating lease right-of-use assets	10,511	6,905
Interest in joint venture	1,647	7,613
Deferred taxes, net	0	37,104
Other long-term assets	711	902
Total assets	354,782	490,859
Current liabilities
Accounts payable	15,569	12,351
Accrued expenses and other current liabilities	50,634	68,491
Operating lease liabilities, short-term	1,467	1,097
Total current liabilities	67,670	81,939
Deferred royalty obligation	303,572	212,353
Senior secured term loans	112,730	109,714
Operating lease liabilities, long-term	10,180	6,564
Other long-term liabilities	8,879	838
Total liabilities	503,031	411,408
Commitments and contingencies (Note 15)
Shareholders’ equity
Common shares, at CHF 0.08 par value	7,312	7,312
Additional paid-in capital	1,180,545	1,166,414
Treasury shares	(541)	(679)
Accumulated other comprehensive (loss) income	(93)	1,823
Accumulated deficit	(1,335,472)	(1,095,419)
Total shareholders’ (deficit) equity	(148,249)	79,451
Total liabilities and shareholders’ equity	$ 354,782	$ 490,859