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Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Collaborations, milestones, and royalties $ 27,299 $ 19,683 $ 142,969 $ 121,096
Operating expenses        
Research and development 53,273 50,610 148,111 141,519
General and administrative 12,374 10,373 34,738 27,462
Total operating expenses 65,647 60,983 182,849 168,981
Loss from operations (38,348) (41,300) (39,880) (47,885)
Other income (expenses)        
Interest income, net 1,379 196 2,749 558
Other expense, net (1) (593) (244) (610)
Gain (loss) on equity securities, net 5,299 1,506 (4,676) 57,507
Total other income (expense), net 6,677 1,109 (2,171) 57,455
Income (loss) before income tax expense (31,671) (40,191) (42,051) 9,570
Income tax expense 1,088 0 1,088 0
Net income (loss) (32,759) (40,191) (43,139) 9,570
Other comprehensive loss        
Net unrealized loss on marketable debt securities (931) (59) (8,366) (149)
Comprehensive income (loss) $ (33,690) $ (40,250) $ (51,505) $ 9,421
Net income (loss) per share attributable to common stockholders:        
Basic net income (loss) per common share (in dollars per share) $ (0.55) $ (0.69) $ (0.72) $ 0.16
Diluted net income (loss) per common share (in dollars per share) $ (0.55) $ (0.69) $ (0.72) $ 0.16
Weighted average shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 59,716,594 58,350,647 59,564,985 58,199,928
Diluted (in shares) 59,716,594 58,350,647 59,564,985 60,346,480