v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 413,027 $ 80,240
Current investment securities 397,308 542,301
Accounts receivable 5,778 5,863
Prepaid expenses 10,245 20,506
Other current assets and receivables 7,911 7,076
Total current assets 834,269 655,986
Non-current assets    
Property, plant and equipment, net 11,376 13,800
Other investments 30,267 30,237
Operating lease right-of-use assets 11,606 12,525
Intangible assets, net 62,101 72,790
Goodwill 24,587 25,355
Deferred tax assets, net 6,362 8,654
Other non-current assets 4,535 5,561
Total non-current assets 150,834 168,922
Total assets 985,103 824,908
Current liabilities    
Accounts payable 4,979 5,170
Accrued expenses and other current liabilities 51,133 41,292
Liability related to pre-funded warrants 24,242 12,595
Current portion of operating lease liabilities 2,991 3,862
Total current liabilities 83,345 62,919
Non-current liabilities    
Long-term debt 50,147 49,699
Liability from royalty financing agreement 489,333 473,199
Operating lease liabilities, net of current portion 9,696 9,832
Contingent consideration 18,113 18,736
Deferred tax liability, net 7,726 7,967
Other non-current liabilities, net of current portion 2,693 3,655
Total non-current liabilities 577,708 563,088
Total liabilities 661,053 626,007
Commitments and contingencies
Shareholders' equity    
Ordinary shares, €0.05 par value: 100,000,000 shares authorized at June 30, 2026, and 80,000,000 at December 31, 2025, and 69,334,839 and 62,336,717 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively. 4,086 3,688
Additional paid-in-capital 1,841,745 1,582,371
Accumulated other comprehensive loss (58,251) (58,222)
Accumulated deficit (1,463,530) (1,328,936)
Total shareholders' equity 324,050 198,901
Total liabilities and shareholders' equity $ 985,103 $ 824,908