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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 83,745 $ 79,016
Restricted cash 1,865 1,860
Marketable securities 313,132 327,550
Accounts receivable, net 31,166 35,946
Interest and other receivables 2,817 2,853
Inventory 56,222 38,714
Prepaid expenses and other current assets 6,822 5,053
Total current assets 495,769 490,992
Noncurrent marketable securities 58,795 94,519
Property and equipment, net 1,147 1,310
Operating leases, right-of-use assets 2,704 2,881
Deposits and other assets 4,035 4,079
Total assets 562,450 593,781
Current liabilities:    
Accounts payable 8,032 8,595
Accrued compensation and benefits 9,603 22,808
Operating lease liabilities 981 974
Liability related to sale of future royalties 15,532 20,372
Debt 0 0
Accrued liabilities 28,886 35,549
Total current liabilities 63,034 88,298
Noncurrent operating lease liabilities 2,069 2,266
Noncurrent liability related to sale of future royalties 110,381 104,421
Noncurrent debt 118,728 118,476
Commitments and contingencies
Stockholders' equity:    
Common stock 637 606
Additional paid-in capital 2,059,473 2,051,794
Accumulated deficit (1,792,176) (1,772,341)
Accumulated other comprehensive loss 304 261
Total stockholders' equity 268,238 280,320
Total liabilities and stockholders' equity $ 562,450 $ 593,781