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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 37,412 $ 36,330
Investments in marketable short-term securities 60,676 86,293
Accounts receivable 1,025 2,409
Prepaid expenses and other current assets 4,006 2,284
Total current assets 103,119 127,316
Property and equipment, net of accumulated depreciation and impairment of $13,315 (December 31, 2024: $12,996) 148 3,309
Right of use asset 0 1,048
Other non-current assets 0 34
Total assets 103,267 131,707
Current liabilities:    
Accounts payable and accrued liabilities 4,508 7,564
Deferred license revenue, current 0 7,571
Lease liability, current 514 483
Total current liabilities 5,022 15,618
Liability related to sale of future royalties 3,910 4,829
Deferred license revenue, non-current 0 2,863
Contingent consideration 10,784 10,225
Lease liability, non-current 575 806
Total liabilities 20,291 34,341
Stockholders’ equity    
Issued and outstanding: 191,641,511 (December 31, 2024: 189,963,492) 1,417,110 1,410,025
Additional paid-in capital 82,628 82,048
Deficit (1,368,575) (1,346,572)
Accumulated other comprehensive loss (48,187) (48,135)
Total stockholders’ equity 82,976 97,366
Total liabilities and stockholders’ equity $ 103,267 $ 131,707