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BUSINESS ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions The major classes of assets and liabilities to which we have allocated the total fair value of the consideration transferred, based on the preliminary estimated fair values were as follows (in thousands):
Cash and cash equivalents$97 
In-process research and development55,000 
Goodwill52,287 
Other assets, current153 
Deferred income tax liability(11,338)
Liabilities assumed(2,191)
Total consideration transferred$94,008 
Unaudited Pro Forma Financial Information
The following table summarizes the unaudited pro forma financial information:
Years Ended December 31,
(in thousands, except per share amounts)
20212020
Pro forma total revenue
$130,513 $78,893 
Pro forma net (loss) income
$(278,451)$17,510 
Pro forma net (loss) income per share - basic and diluted
$(1.27)$0.09 
Total Consideration Transferred for Acquisition
Total consideration transferred for the acquisition is as follows (in thousands):
Total cash paid
$315,703 
Fair value of share consideration
249,435 
Fair value of contingent consideration
168,574 
Less: Share-based compensation expense excluded from consideration transferred
(18,923)
Total consideration transferred$714,789 
Major Classes of Assets and Liabilities Allocated to Total Fair Value of The Consideration Transferred As of December 31, 2021, the major classes of assets and liabilities to which we have allocated the total fair value of the consideration transferred were as follows (in thousands):
Cash and cash equivalents$15,338 
Property and equipment, net
6,123 
Operating lease right-of-use assets, net
18,095 
In-process research and development400,000 
Goodwill390,665 
Other assets, non-current
3,203 
Deferred income tax liability(91,814)
Liabilities assumed(26,821)
Total consideration transferred$714,789 
The major classes of assets and liabilities to which we have allocated the total fair value of the consideration transferred were as follows (in thousands):
Cash and cash equivalents$987 
Property and equipment, net
214 
Intangible assets
11,360 
Goodwill19,309 
Other assets, non-current
467 
Deferred income tax liability(2,672)
Liabilities assumed(118)
Total consideration transferred$29,547