v3.25.2
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 253,778 $ 158,930
Current investment securities 123,196 208,591
Accounts receivable 5,606 5,881
Prepaid expenses 18,538 9,281
Other current assets and receivables 7,455 7,606
Total current assets 408,573 390,289
Non-current assets    
Property, plant and equipment, net of accumulated depreciation of $41.3 million as of June 30, 2025 and $31.7 million as of December 31, 2024 17,492 20,424
Other investments 29,735 27,464
Operating lease right-of-use assets 13,635 13,647
Intangible assets, net, including in-process research and development assets of $62.9 million as of June 30, 2025 and $55.6 million as of December 31, 2024 75,604 71,043
Goodwill 25,340 22,414
Deferred tax assets, net 9,017 9,856
Other non-current assets 5,494 1,399
Total non-current assets 176,317 166,247
Total assets 584,890 556,536
Current liabilities    
Accounts payable 5,541 7,227
Accrued expenses and other current liabilities 31,479 29,225
Current portion of operating lease liabilities 3,909 3,601
Total current liabilities 40,929 40,053
Non-current liabilities    
Long-term debt 51,842 51,324
Liability from royalty financing agreement 455,259 434,930
Operating lease liabilities, net of current portion 10,946 11,136
Contingent consideration 15,931 10,860
Deferred tax liability, net 7,963 7,043
Other non-current liabilities, net of current portion 6,023 7,942
Total non-current liabilities 547,964 523,235
Total liabilities 588,893 563,288
Commitments and contingencies
Shareholders' (deficit) / equity    
Ordinary shares, €0.05 par value: 80,000,000 shares authorized as of June 30, 2025 and December 31, 2024 and 54,865,673 and 48,988,087 ordinary shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 3,250 2,945
Additional paid-in-capital 1,262,971 1,173,068
Accumulated other comprehensive loss (58,903) (52,800)
Accumulated deficit (1,211,321) (1,129,965)
Total shareholders' (deficit) / equity (4,003) (6,752)
Total liabilities and shareholders' (deficit) / equity $ 584,890 $ 556,536