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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Collaboration and license revenue from related party $ 49,283 $ 7,173 $ 55,138 $ 15,500
Grant revenue 157 0 310 0
Total revenue 49,440 7,173 55,448 15,500
Operating expenses:        
Research and development 18,762 17,624 38,073 32,978
General and administrative 10,292 5,570 19,112 11,071
Total operating expenses 29,054 23,194 57,185 44,049
Income (loss) from operations 20,386 (16,021) (1,737) (28,549)
Other income (expense):        
Interest income 576 1,418 1,560 2,539
Interest expense (695) (547) (1,243) (1,089)
Total other income (expense), net (119) 871 317 1,450
Net income (loss) $ 20,267 $ (15,150) $ (1,420) $ (27,099)
Net income (loss) per common share        
Basic $ 0.32 $ (0.26) $ (0.02) $ (0.49)
Diluted $ 0.29 $ (0.26) $ (0.02) $ (0.49)
Shares used to compute net income (loss) per common share        
Basic 63,282 58,056 62,289 55,226
Diluted 69,416 58,056 62,289 55,226