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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 77,545 $ 25,218
Short-term investments 541,771 708,737
Accounts receivable 10,006 22,492
Inventory 16,969 15,801
Other current assets 19,245 23,333
Total current assets 665,536 795,581
Long-term investments 8,928 64,828
Property, plant and equipment, net 39,792 60,510
Operating lease right-of-use assets 68,996 117,025
Goodwill 76,501 76,501
Other assets 2,234 2,744
Total assets 861,987 1,117,189
Current liabilities:    
Accounts payable 12,346 9,747
Accrued compensation 30,323 15,735
Accrued clinical trial expenses 29,234 26,809
Other accrued expenses 13,035 15,468
Operating lease liabilities, current portion 20,047 17,441
Total current liabilities 104,985 85,200
Operating lease liabilities, less current portion 119,415 125,736
Development derivative liability 0 27,726
Liabilities related to the sales of future royalties, net 176,775 195,427
Other long-term liabilities 2,080 3,592
Total liabilities 403,255 437,681
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at June 30, 2022 or December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 187,405 shares and 185,468 shares outstanding at June 30, 2022 and December 31, 2021, respectively 19 19
Capital in excess of par value 3,549,360 3,516,641
Accumulated other comprehensive loss (8,191) (4,157)
Accumulated deficit (3,082,456) (2,832,995)
Total stockholders’ equity 458,732 679,508
Total liabilities and stockholders’ equity $ 861,987 $ 1,117,189