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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 96,841 $ 110,643
Restricted cash 813 1,804
Investments 233,172 278,344
Trade receivables 72,456 56,950
Inventory, net 7,562 28,683
Prepaid expenses and other current assets 16,281 19,542
Total current assets 427,125 495,966
Long-term inventory, net 21,633 0
Property and equipment, net 7,421 7,910
Long-term investments 19,426 0
Other assets 15,649 13,084
Total assets 491,254 516,960
Current liabilities:    
Accounts payable 13,482 20,893
Accrued expenses 104,197 102,882
Operating lease liabilities 1,049 1,058
Finance lease liabilities 1,839 1,590
Royalty financing obligations 33,000 23,565
Total current liabilities 153,567 149,988
Operating lease liabilities 8,065 8,390
Finance lease liabilities 2,077 2,845
Royalty financing obligations 481,775 508,034
Secured term loan 314,333 303,231
Total liabilities 959,817 972,488
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 207,119 at September 30, 2024 and 205,771 at December 31, 2023 2,071 2,058
Additional paid-in capital 1,270,318 1,222,236
Accumulated other comprehensive income 2,293 1,337
Accumulated deficit (1,743,245) (1,681,159)
Total stockholders’ deficit (468,563) (455,528)
Total liabilities and stockholders’ deficit $ 491,254 $ 516,960