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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,293 $ 39,143
Marketable securities 355,175 369,107
Accounts and other receivables 243 172
Prepaid and other current assets 9,988 2,417
Total current assets 390,699 410,839
Property and equipment, net 3,484 3,551
Operating lease right-of-use assets, net 2,564 2,970
Intangible assets, net 27,190 27,190
Other assets 104 104
Total assets 424,041 444,654
Current liabilities:    
Accounts payable 1,019 1,228
Accrued expenses 9,234 12,000
Current portion of operating lease liabilities 1,802 1,746
Current portion of long-term liabilities 2,505 1,554
Total current liabilities 14,560 16,528
Long-term portion of operating lease liabilities 841 1,296
Other long-term liabilities 10,539 7,354
Total liabilities 25,940 25,178
Commitments and contingent liabilities
Stockholders' equity:    
Convertible preferred stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $.001 par value; 297,000,000 shares authorized; 46,754,348 and 46,730,198 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 47 47
Additional paid-in capital 1,564,599 1,561,142
Accumulated other comprehensive income 112 1,894
Accumulated deficit (1,166,657) (1,143,607)
Total stockholders' equity 398,101 419,476
Total liabilities and stockholders' equity $ 424,041 $ 444,654