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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 37,076 $ 36,330
Investments in marketable short-term securities 75,631 86,293
Accounts receivable 1,182 2,409
Prepaid expenses and other current assets 2,919 2,284
Total current assets 116,808 127,316
Property and equipment, net of accumulated depreciation and impairment of $13,326 (December 31, 2024: $12,996) 168 3,309
Right of use asset 0 1,048
Other non-current assets 34 34
Total assets 117,010 131,707
Current liabilities:    
Accounts payable and accrued liabilities 12,109 7,564
Deferred license revenue, current 6,759 7,571
Lease liability, current 563 483
Total current liabilities 19,431 15,618
Liability related to sale of future royalties 4,409 4,829
Deferred license revenue, non-current 2,863 2,863
Contingent consideration 10,524 10,225
Lease liability, non-current 626 806
Total liabilities 37,853 34,341
Stockholders’ equity    
Issued and outstanding: 191,481,474 (December 31, 2024: 189,963,492) 1,416,332 1,410,025
Additional paid-in capital 82,089 82,048
Deficit (1,371,098) (1,346,572)
Accumulated other comprehensive loss (48,166) (48,135)
Total stockholders’ equity 79,157 97,366
Total liabilities and stockholders’ equity $ 117,010 $ 131,707