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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 89,343 $ 86,975 $ 169,278 $ 186,370
Operating expenses:        
Cost of sales 8,270 3,136 14,370 8,324
Research and development 154,529 113,205 297,684 260,723
Selling, general and administrative 68,137 53,410 135,449 106,668
Total operating expenses 230,936 169,751 447,503 375,715
Loss from operations (141,593) (82,776) (278,225) (189,345)
Interest income 899 441 1,393 1,080
Change in fair value of equity investments (10,184) (31,046) (19,513) (51,665)
Non-cash interest expense on liability related to the sale of future royalties (6,052) (8,517) (12,636) (16,935)
Other expense (930) (67) (641) (862)
Loss before income taxes (157,860) (121,965) (309,622) (257,727)
Provision for income taxes (302) (463) (860) (842)
Net loss $ (158,162) $ (122,428) $ (310,482) $ (258,569)
Net loss per share, basic and diluted $ (2.26) $ (1.81) $ (4.45) $ (3.84)
Weighted-average shares used in computing net loss per share, basic and diluted 69,925,358 67,607,752 69,722,141 67,356,443
Collaboration and License        
Revenues:        
Total revenues $ 53,088 $ 63,940 $ 101,501 $ 142,950
Product Sales        
Revenues:        
Total revenues 30,832 18,346 57,516 34,859
Non-cash Collaboration Royalty Revenue        
Revenues:        
Total revenues $ 5,423 $ 4,689 $ 10,261 $ 8,561