Business Combination (Tables)

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Summary of Final Purchase Price Allocation to Fair Value of Assets and Liabilities Acquired

The following table summarizes the final purchase price allocation to the fair value of assets and liabilities acquired at the date of acquisition (in thousands):

Allocation of Consideration:
Stock issued (14,228,066 shares at $3.71)	$	52,786
Contingent consideration		19,839
Purchase price:	$	72,625
Net assets acquired:
Cash and cash equivalents	$	1,425
Prepaid expenses and other current assets		133
In-process research & development		64,900
Accounts payable		(39	)
Accrued expenses		(1,037	)
Deferred income tax liability		(12,543	)
Transaction incentive liability		(8,925	)
Total identifiable net assets		43,914
Goodwill		28,711
Total purchase price allocation	$	72,625

Schedule of Unaudited Pro Forma Consolidated Financial Information

The following table presents the unaudited pro forma consolidated financial information for the three and six months ended June 30, 2022 (in thousands):

Unaudited pro forma financial information	Three Months Ended June 30,						Six Months Ended June 30,
(Athenex and Kuur Consolidated)	2022			2021			2022			2021
Consolidated revenue	$	31,516		$	20,698		$	60,658		$	59,850
Consolidated net loss	$	(32,157	)	$	(31,261	)	$	(49,577	)	$	(58,197	)