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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
License and collaboration revenue $ 28,321 $ 254,953
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] License and Service [Member] License and Service [Member]
Operating expenses:    
Research and development $ 35,893 $ 33,734
General and administrative 11,738 14,910
Total operating expenses 47,631 48,644
(Loss) income from operations (19,310) 206,309
Interest income 7,573 4,376
Other income (expense), net 82 (19)
(Loss) income before income tax expense (11,655) 210,666
Income tax expense 0 3,326
Net (loss) income $ (11,655) $ 207,340
Net (loss) income per share, basic $ (0.19) $ 3.41
Net (loss) income per share, diluted $ (0.19) $ 3.26
Weighted-average shares used to compute net (loss) income per share, basic 62,963,806 60,855,689
Weighted-average shares used to compute net (loss) income per share, diluted 62,963,806 63,595,328