XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 7,137 $ 20,968 $ 41,867
Operating expenses:      
Cost of goods sold 620 6,174 7,266
Research and development 32,805 108,510 91,879
General and administrative 26,530 27,779 30,257
Restructuring 5,565    
Total operating expenses 65,520 142,463 129,402
Operating loss (58,383) (121,495) (87,535)
Other income, net 2,828 3,586 2,061
Impairment of long-lived assets (4,274) 0 0
Inventory write-down (2,963)    
Non-cash interest expense on liability related to sales of future royalties and milestones (8,473) (604)  
Loss before benefit from income taxes (71,265) (118,513) (85,474)
Benefit from income taxes 398 0 0
Net loss $ (70,867) $ (118,513) $ (85,474)
Net loss per share:      
Basic (in dollars per share) $ (15.53) $ (26.26) $ (19.12)
Diluted (in dollars per share) $ (15.53) $ (26.26) $ (19.12)
Weighted average shares:      
Basic (in shares) 4,562,738 4,512,422 4,471,130
Diluted (in shares) 4,562,738 4,512,422 4,471,130
Other comprehensive income (loss), net of tax of $0:      
Change in unrealized gains (losses) on available-for-sale marketable securities $ 260 $ 1,412 $ (1,314)
Total comprehensive loss (70,607) (117,101) (86,788)
Collaborative revenue      
Revenue:      
Total revenue 2,086 12,936 16,572
Commercial supply revenue      
Revenue:      
Total revenue 640 5,843 10,223
License and milestone fees      
Revenue:      
Total revenue   910 15,000
Royalty revenue      
Revenue:      
Total revenue   415 $ 72
Clinical compound revenue      
Revenue:      
Total revenue 84 165  
Other revenue      
Revenue:      
Total revenue $ 4,327 $ 699