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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (137,018) $ (90,393)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash royalty revenue related to the sales of future royalties (16,861) (17,561)
Non-cash interest expense 6,405 7,529
Change in fair value of development derivative liability 0 (33,427)
Non-cash research and development expense 0 4,951
Stock-based compensation 10,019 20,961
Depreciation and amortization 2,302 3,730
Deferred income tax expense (1,812) 0
Impairment of other property, plant and equipment 13,200 0
Impairment of goodwill 76,501 0
Amortization of premiums (discounts), net and other non-cash transactions (3,129) 1,276
Changes in operating assets and liabilities:    
Accounts receivable 2,986 (7,728)
Inventory (1,033) 422
Operating leases, net (1,786) 1,787
Other assets 5,591 2,864
Accounts payable (8,920) 2,998
Accrued expenses 1,640 14,167
Net cash used in operating activities (51,915) (88,424)
Cash flows from investing activities:    
Purchases of investments (107,012) (93,493)
Maturities of investments 148,043 227,974
Purchases of property, plant and equipment (433) (4,203)
Net cash provided by investing activities 40,598 130,278
Cash flows from financing activities:    
Proceeds from shares issued under equity compensation plans 0 188
Cash receipts from development derivative liability 0 750
Net cash provided by financing activities 0 938
Effect of foreign exchange rates on cash and cash equivalents 45 (17)
Net increase (decrease) in cash and cash equivalents (11,272) 42,775
Cash and cash equivalents at beginning of period 88,227 25,218
Cash and cash equivalents at end of period $ 76,955 $ 67,993