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Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total revenue $ 23,028 $ 135,082 $ 19,886
Operating expenses:      
Research and development 82,701 107,851 113,820
General and administrative 29,410 21,846 17,745
Total operating expenses 112,111 129,697 131,565
Operating (loss) income (89,083) 5,385 (111,679)
Other income, net 642 2,334 4,490
(Loss) income before income tax benefit (88,441) 7,719 (107,189)
Income tax benefit 0 691 816
Net (loss) income $ (88,441) $ 8,410 $ (106,373)
Net (loss) income per share:      
Basic $ (1.74) $ 0.18 $ (2.49)
Diluted $ (1.74) $ 0.18 $ (2.49)
Weighted average shares:      
Basic 50,718,765 47,413,250 42,669,333
Diluted 50,718,765 47,915,030 42,669,333
Other comprehensive (loss) income, net of tax of $0:      
Change in unrealized (losses) gains on available-for-sale marketable securities $ (431) $ (97) $ 284
Total comprehensive (loss) income (88,872) 8,313 (106,089)
License and Milestone Fees      
Revenue:      
Total revenue 21,223 134,439 19,746
Collaborative Revenue      
Revenue:      
Total revenue 706    
Commercial Supply Revenue      
Revenue:      
Total revenue 701    
Clinical Compound Revenue      
Revenue:      
Total revenue $ 398 $ 643 $ 140