v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 67,656 $ 84,717
Marketable securities 41,816 68,074
Income tax receivable 9,922 10,600
Other current receivables 4,697 1,746
Prepaid expenses 2,481 6,012
Total current assets 126,572 171,149
Property and equipment, net 72 2,294
Operating lease right-of-use assets 629 1,924
Income tax receivable 1,029 960
Investment in equity securities 1,591 0
Other assets 600 179
TOTAL ASSETS 130,493 176,506
CURRENT LIABILITIES:    
Accounts payable 4,012 3,623
Accrued expenses and other current liabilities 12,167 19,819
Deferred collaboration cost recovery 3,257 0
Operating lease liability, current portion 649 1,845
Total current liabilities 20,085 25,287
Operating lease liability, net of current portion 0 88
TOTAL LIABILITIES 20,085 25,375
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of June 30, 2025 and December 31, 2024; 0 shares issued and outstanding as of June 30, 2025, and December 31, 2024 0 0
Common shares, no par value per share; unlimited shares authorized as of June 30, 2025 and December 31, 2024; 42,959,172 and 42,510,708 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 490,425 486,674
Warrants 43 10
Additional paid-in capital 84,533 82,191
Accumulated other comprehensive (loss) income (8) 54
Accumulated deficit (464,585) (417,798)
Total shareholders’ equity 110,408 151,131
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 130,493 $ 176,506