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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 103,352 $ 125,987
Investments in marketable securities 88,311  
Trade receivables, net 9,245 111,324
TSA receivables, net 241,251 11,010
Inventory 2,048 4,207
Prepaid manufacturing 8,048 6,653
Other prepaids and current assets 8,700 10,222
Assets of discontinued operations, current (Note 6)   72,180
Total current assets 460,955 341,583
Property and equipment, net 1,633 2,576
Intangible assets, net 49,484 53,646
Other assets, non-current 4,447 6,485
Assets of discontinued operations, non-current (Note 6)   44,243
Total assets 516,519 448,533
Current liabilities:    
Accounts payable 24,893 28,456
Accrued rebates, fees and reserves 67,010 164,867
TSA payables and accrued liabilities 253,908 11,026
Accrued compensation 13,385 18,344
Accrued and other current liabilities 13,101 60,288
Total current liabilities 372,297 282,981
Term loan, non-current 36,957 36,698
Convertible notes, non-current   228,229
Lease liabilities, non-current 1,946 3,286
Other liabilities, non-current 17,545 29,329
Total liabilities 428,745 580,523
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):    
Common stock ($0.0001 par value; shares authorized: 300,000,000; shares issued and outstanding: 116,236,018 and 115,614,548 at September 30, 2025 and December 31, 2024, respectively) 12 12
Additional paid-in capital 1,433,291 1,419,266
Accumulated other comprehensive loss (203) (275)
Accumulated deficit (1,345,326) (1,550,993)
Total stockholders' equity (deficit) 87,774 (131,990)
Total liabilities and stockholders' equity (deficit) $ 516,519 $ 448,533