v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 191,581 $ 35,965
Receivables from collaborative partners 12,195 6,851
Short-term investments 238,536 354,939
Prepaid expenses and other current assets 6,369 9,080
Total current assets 448,681 406,835
Property and equipment, net 1,728 2,098
Operating lease right-of-use assets 14,839 16,174
Long-term investments 27,914 27,026
Other long-term assets 256 256
Total assets 493,418 452,389
Current liabilities:    
Accounts payable 3,592 4,698
Accrued expenses 38,401 30,967
Current portion of operating lease liability 1,887 1,777
Total current liabilities 43,880 37,442
Liability related to sale of future royalties 350,564 310,807
Operating lease liability, net of current portion 14,607 16,037
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized and no shares, issued or outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.001 par value, 500,000 shares authorized, 30,429 shares and 26,597 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 30 27
Additional paid in capital 821,121 702,969
Accumulated other comprehensive gain (loss) 759 (797)
Accumulated deficit (737,543) (614,096)
Total stockholders’ equity 84,367 88,103
Total liabilities and stockholders’ equity $ 493,418 $ 452,389