v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 82,923 $ 88,879
Investments in marketable securities 22,383 83,246
Trade receivables, net 13,881 17,815
TSA receivables, net 372 603
Inventory 5,667 3,172
Prepaid manufacturing 3,208 6,758
Other prepaids and current assets 5,354 6,233
Total current assets 133,788 206,706
Property and equipment, net 865 1,345
Inventory, non-current 8,425 0
Intangible assets, net 44,989 46,239
Other assets, non-current 3,116 4,053
Total assets 191,183 258,343
Current liabilities:    
Accounts payable 13,168 9,915
Accrued rebates, fees and reserves 14,894 30,397
TSA payables and accrued liabilities 22,660 65,065
Accrued compensation 9,937 14,579
Accrued and other current liabilities 14,851 20,430
Total current liabilities 75,510 140,386
Term loan, non-current 37,247 37,051
Other liabilities, non-current 17,588 19,892
Total liabilities 130,345 197,329
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock ($0.0001 par value; shares authorized: 5,000,000; shares issued and outstanding: 0 at June 30, 2026 and December 31, 2025)
Common stock ($0.0001 par value; shares authorized: 300,000,000; shares issued and outstanding: 154,470,363 and 121,154,925 at June 30, 2026 and December 31, 2025, respectively) 15 12
Additional paid-in capital 1,503,031 1,444,166
Accumulated other comprehensive loss (281) (195)
Accumulated deficit (1,441,927) (1,382,969)
Total stockholders' equity 60,838 61,014
Total liabilities and stockholders' equity $ 191,183 $ 258,343