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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 76,955 $ 88,227
Short-term investments 379,872 416,750
Accounts receivable 2,995 5,981
Inventory, net 20,235 19,202
Other current assets 11,009 15,808
Total current assets 491,066 545,968
Property, plant and equipment, net 27,084 32,451
Operating lease right-of-use assets 42,187 53,435
Goodwill 0 76,501
Other assets 1,406 2,245
Total assets 561,743 710,600
Current liabilities:    
Accounts payable 3,696 12,980
Accrued expenses 37,410 36,557
Operating lease liabilities, current portion 18,773 18,667
Total current liabilities 59,879 68,204
Operating lease liabilities, less current portion 109,389 112,829
Liabilities related to the sales of future royalties, net 145,131 155,378
Other long-term liabilities 6,479 7,551
Total liabilities 320,878 343,962
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at March 31, 2023 or December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 189,235 shares and 188,560 shares outstanding at March 31, 2023 and December 31, 2022, respectively 19 19
Capital in excess of par value 3,584,738 3,574,719
Accumulated other comprehensive loss (5,681) (6,907)
Accumulated deficit (3,338,211) (3,201,193)
Total stockholders’ equity 240,865 366,638
Total liabilities and stockholders’ equity $ 561,743 $ 710,600