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STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 41,867 $ 23,028 $ 135,082
Operating expenses:      
Cost of goods sold 7,266    
Research and development 91,879 82,701 107,851
General and administrative 30,257 29,410 21,846
Total operating expenses 129,402 112,111 129,697
Operating (loss) income (87,535) (89,083) 5,385
Other income, net 2,061 642 2,334
(Loss) income before income tax benefit (85,474) (88,441) 7,719
Income tax benefit 0 0 691
Net (loss) income $ (85,474) $ (88,441) $ 8,410
Net (loss) income per share:      
Basic $ (1.59) $ (1.74) $ 0.18
Diluted $ (1.59) $ (1.74) $ 0.18
Weighted average shares:      
Basic 53,653,564 50,718,765 47,413,250
Diluted 53,653,564 50,718,765 47,915,030
Other comprehensive loss, net of tax of $0:      
Change in unrealized losses on available-for-sale marketable securities $ (1,314) $ (431) $ (97)
Total comprehensive (loss) income (86,788) (88,872) 8,313
Collaborative Revenue      
Revenue:      
Total revenue 16,572 706  
License and Milestone Fees      
Revenue:      
Total revenue 15,000 21,223 134,439
Commercial Supply Revenue      
Revenue:      
Total revenue 10,223 701  
Clinical Compound Revenue      
Revenue:      
Total revenue   $ 398 $ 643
Royalty Revenue      
Revenue:      
Total revenue $ 72