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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 150,905 $ 304,767
Restricted cash 1,584 1,472
Investments 246,685 119,543
Trade receivables 53,646 50,599
Inventory, net 29,630 27,533
Prepaid expenses and other current assets 20,016 12,586
Total current assets 502,466 516,500
Property and equipment, net 8,999 8,617
Long-term investments 0 18,077
Other assets 11,459 6,806
Total assets 522,924 550,000
Liabilities and Stockholders’ Deficit    
Accounts payable 10,567 14,356
Accrued expenses 77,392 87,565
Deferred revenue 522 1,224
Lease financing obligation 2,282 2,369
Total current liabilities 90,763 105,514
Lease financing obligation 9,966 5,804
Royalty financing obligations 535,186 501,655
Secured term loans 297,995 231,624
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 189,803 as of September 30, 2023 and 187,906 as of December 31, 2022 1,898 1,879
Additional paid-in capital 1,205,744 1,158,118
Accumulated other comprehensive income 800 26
Accumulated deficit (1,619,428) (1,454,620)
Total stockholders’ deficit (410,986) (294,597)
Total liabilities and stockholders’ deficit $ 522,924 $ 550,000