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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenue $ 18,892 $ 19,479 $ 60,272 $ 65,843
Operating expenses:        
Research and development 42,987 39,090 127,357 129,726
General and administrative 12,618 12,929 39,092 32,913
Total operating expenses 55,605 52,019 166,449 162,639
Loss from operations (36,713) (32,540) (106,177) (96,796)
Other income (expense):        
Interest expense (1,997) 0 (1,997) 0
Interest and investment income, net 3,866 393 6,696 942
Total other income, net 1,869 393 4,699 942
Loss before income taxes (34,844) (32,147) (101,478) (95,854)
Income tax (expense) benefit (4,221) 447 (4,231) 447
Net loss $ (39,065) $ (31,700) $ (105,709) $ (95,407)
Net loss per share:        
Basic $ (1.86) $ (1.53) $ (5.05) $ (4.64)
Diluted $ (1.86) $ (1.53) $ (5.05) $ (4.64)
Weighted average shares outstanding:        
Basic 21,054 20,710 20,939 20,552
Diluted 21,054 20,710 20,939 20,552
Royalty [Member]        
Total revenue $ 18,892 $ 19,479 $ 59,272 $ 65,843
License [Member]        
Total revenue $ 0 $ 0 $ 1,000 $ 0