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Loan and Security Agreement - Narrative (Details) - 2022 Term Loan
Jul. 26, 2022
USD ($)
Debt Instrument [Line Items]  
Lenders option to invest in equity financing $ 10,000,000
Net cash proceeds 75,000,000
Line of Credit  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) $ 250,000,000
Capped interest rate per annum 10.25%
Interest-only payment, period 42 months
Covenant revenue from sale, maintained market capitalization $ 600,000,000
End term charges percentage 4.25%
Prepayment penalty prior first year 2.00%
Prepayment penalty second year 1.50%
Prepayment penalty thereafter 0.75%
Line of Credit | Minimum  
Debt Instrument [Line Items]  
Qualified cash percent 50.00%
Line of Credit | Maximum  
Debt Instrument [Line Items]  
Qualified cash percent 90.00%
Line of Credit | The Wall Street Journal prime rate  
Debt Instrument [Line Items]  
Basis spread on variable rate 6.25%
Line of Credit | The Wall Street Journal prime rate | Minimum  
Debt Instrument [Line Items]  
Basis spread on variable rate 4.00%
Line of Credit | The Wall Street Journal prime rate | Maximum  
Debt Instrument [Line Items]  
Basis spread on variable rate 8.75%
Line of Credit | On Closing Date  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) $ 50,000,000
Line of Credit | Milestone 1 is achieved through December 15, 2022  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) 50,000,000
Drawn down increments at company's election 5,000,000
Line of Credit | Milestone 2 is achieved through September 30, 2023  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) 25,000,000
Drawn down increments at company's election 5,000,000
Line of Credit | Milestone 3 is achieved  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) 75,000,000
Drawn down increments at company's election 5,000,000
Line of Credit | Subject to FDA approval of Zimura in GA  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) 50,000,000
Drawn down increments at company's election 5,000,000
Convertible Notes  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) $ 400,000,000
Convertible Notes | Minimum  
Debt Instrument [Line Items]  
Maturity date no earlier than 6 months
Revolving Credit Facility | Milestone 3 is achieved  
Debt Instrument [Line Items]  
Aggregate principal amount (up to) $ 50,000,000