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Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 63,745 $ 25,706 $ 81,144 $ 38,714
Operating expenses        
Research and development 38,325 62,020 89,922 118,898
General and administrative 10,343 12,371 23,616 25,092
Restructuring and related costs 18,422 0 39,465 0
Total operating expenses 67,090 74,391 153,003 143,990
Loss from operations (3,345) (48,685) (71,859) (105,276)
Interest income 2,519 4,911 5,708 9,007
Unrealized gain on equity securities 0 4,808 0 8,487
Non-cash interest expense related to the sale of future royalties (9,647) (7,286) (18,991) (14,470)
Interest and other income (expense), net (1,044) (1,758) (2,336) (3,971)
Loss before provision for income taxes (11,517) (48,010) (87,478) (106,223)
(Benefit) from / provision for income taxes (18) 8 (11) 8
Net loss $ (11,499) $ (48,018) $ (87,467) $ (106,231)
Net loss per share, basic $ (0.14) $ (0.59) $ (1.04) $ (1.49)
Net loss per share, diluted $ (0.14) $ (0.59) $ (1.04) $ (1.49)
Weighted-average shares used in computing basic net loss per share 84,580,125 81,224,628 83,846,892 71,341,211
Weighted-average shares used in computing diluted net loss per share 84,580,125 81,224,628 83,846,892 71,341,211