XML 25 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Collaboration revenue $ 40,497,000 $ 36,855,000 $ 26,581,000
Operating expenses:      
Research and development expense: 73,020,000 148,269,000 173,385,000
General and administrative expense 40,813,000 59,543,000 56,963,000
Restructuring expenses 0 8,713,000 0
Total operating expenses 113,833,000 216,525,000 230,348,000
Other income (expense):      
Interest income 8,436,000 12,073,000 2,883,000
Interest expense (3,874,000) (4,073,000) (3,328,000)
Total other income (expense), net 4,562,000 8,000,000 (445,000)
Loss before income taxes (68,774,000) (171,670,000) (204,212,000)
Income tax expense (418,000) 0 0
Net loss (69,192,000) (171,670,000) (204,212,000)
Other comprehensive loss:      
Unrealized (loss) gain on marketable securities (1,000) 163,000 (152,000)
Comprehensive loss (69,193,000) (171,507,000) (204,364,000)
Net loss attributable to common stockholders - basic (69,192,000) (171,670,000) (204,212,000)
Net loss attributable to common stockholders - diluted $ (69,192,000) $ (171,670,000) $ (204,212,000)
Net loss per share attributable to common stockholders — basic (in dollars per share) $ (0.56) $ (1.48) $ (2.18)
Net loss per share attributable to common stockholders — diluted (in dollars per share) $ (0.56) $ (1.48) $ (2.18)
Weighted-average number of shares of common stock used in net loss per share attributable to common stockholders — basic (in shares) 122,539,598 116,112,891 93,654,243
Weighted-average number of shares of common stock used in net loss per share attributable to common stockholders — diluted (in shares) 122,539,598 116,112,891 93,654,243