Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Measurements  
Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following tables set forth the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as follows (in thousands):

Fair Value Measurements as of September 30, 2024 Using:

Quoted Prices in

Significant Other

Significant

Active Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Total

Assets:

Cash equivalents:

Money market funds

$

112,895

$

$

$

112,895

U.S. treasury bills

25,137

25,137

Total cash equivalents

138,032

138,032

Exarafenib milestone asset (Note 4)

3,125

3,125

Equity securities

785

785

Total financial assets

$

138,817

$

$

3,125

$

141,942

Liabilities:

Exarafenib milestone contingent consideration (Note 4)

$

$

$

3,125

$

3,125

Contingent consideration under RPAs, AAAs, and CPPAs, measured at fair value

Total financial liabilities

$

$

$

3,125

$

3,125

Fair Value Measurements as of December 31, 2023 Using:

Quoted Prices in

Significant Other

Significant

Active Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Total

Assets:

Cash equivalents:

Money market funds

$

28,352

$

$

$

28,352

Total cash equivalents

28,352

28,352

Equity securities

161

161

Total financial assets

$

28,513

$

$

$

28,513

Liabilities:

Contingent consideration under RPAs, AAAs, and CPPAs, measured at fair value

$

$

$

1,000

$

1,000