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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Revenues $ 179,126 $ 1,764
Operating expenses    
Research and development 4,120 8,959
General and administrative 5,889 5,832
Change in fair value of contingent consideration 209 299
Restructuring costs 0 12,373
Total operating expenses 10,218 27,463
Income (loss) from operations 168,908 (25,699)
Interest income 815 1,197
Interest expense (17) (28)
Foreign exchange (loss) gain (11) 4
Total other income 787 1,173
Net income (loss) $ 169,695 $ (24,526)
Net income (loss) per common share    
Basic (in USD per share) $ 0.88 $ (0.13)
Diluted (in USD per share) $ 0.87 $ (0.13)
Weighted average number of common shares    
Basic (in shares) 193,768,641 190,707,085
Diluted (in shares) 195,214,067 190,707,085
Comprehensive income (loss)    
Unrealized loss on available-for-sale securities $ (97) $ (31)
Comprehensive income (loss) 169,598 (24,557)
Collaborations and licenses    
Revenue    
Revenues 204 1,316
Revenue from collaborations and licenses    
Revenue    
Revenues 178,741 0
Non-cash royalty revenue    
Revenue    
Revenues $ 181 $ 448