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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 243,062 $ 241,360
Current investment securities 312,621 376,532
Accounts receivable 10,717 4,193
Inventories, net 7,672 12,024
Prepaid expenses 18,839 15,089
Other current assets and receivables 3,092 2,655
Total current assets 596,003 651,853
Non-current assets    
Property, plant and equipment, net of accumulated depreciation of $57.8 million as of March 31, 2024 and $55.7 million as of December 31, 2023 44,554 46,548
Operating lease right-of-use assets 27,695 28,789
Intangible assets, net, including in-process research and development asset of $57.8 million as of March 31, 2024 and $59.1 million as of December 31, 2023 59,111 60,481
Goodwill 25,795 26,379
Deferred tax assets, net 11,594 12,276
Other non-current assets 5,298 5,363
Total non-current assets 174,047 179,836
Total assets 770,050 831,689
Current liabilities    
Accounts payable 5,231 6,586
Accrued expenses and other current liabilities 22,658 30,534
Current portion of contingent consideration 27,587 28,211
Current portion of operating lease liabilities 7,997 8,344
Total current liabilities 63,473 73,675
Non-current liabilities    
Long-term debt 102,120 101,749
Liability from royalty financing agreement 405,398 394,241
Operating lease liabilities, net of current portion 26,983 28,316
Contingent consideration, net of current portion 14,625 14,795
Deferred tax liability, net 7,376 7,543
Other non-current liabilities 3,321 3,700
Total non-current liabilities 559,823 550,344
Total liabilities 623,296 624,019
Commitments and contingencies
Shareholders' equity    
Ordinary shares, €0.05 par value: 80,000,000 shares authorized as of March 31, 2024 and December 31, 2023 and 48,492,357 and 47,833,830 ordinary shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 2,919 2,883
Additional paid-in-capital 1,155,904 1,148,749
Accumulated other comprehensive loss (56,042) (53,553)
Accumulated deficit (956,027) (890,409)
Total shareholders' equity 146,754 207,670
Total liabilities and shareholders' equity $ 770,050 $ 831,689