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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenue $ 2,766 $ 1,869 $ 5,163 $ 4,397
Costs and expenses:        
Cost of revenue 624 1,042 1,433 1,850
Research and development 8,759 25,275 18,604 47,862
General and administrative 4,752 8,317 11,596 17,107
Licensing 1,285 550 2,316 1,611
Revaluation of contingent consideration 200 (1,500) 3,000 (2,300)
Total costs and expenses 15,620 33,684 36,949 66,130
Loss from operations (12,854) (31,815) (31,786) (61,733)
Other income, net 1,868 2,246 3,859 4,004
Net loss $ (10,986) $ (29,569) $ (27,927) $ (57,729)
Net loss per share, basic $ (0.15) $ (0.42) $ (0.39) $ (0.84)
Net loss per share, diluted $ (0.15) $ (0.42) $ (0.39) $ (0.84)
Weighted average common shares outstanding, basic 71,291,400 70,633,528 71,183,129 68,763,542
Weighted average common shares outstanding, diluted 71,291,400 70,633,528 71,183,129 68,763,542
Other comprehensive loss:        
Unrealized loss on marketable securities, net of tax of $0 $ (99) $ (757) $ (357) $ (214)
Total other comprehensive loss (99) (757) (357) (214)
Comprehensive loss (11,085) (30,326) (28,284) (57,943)
Contract research        
Revenues:        
Total revenue 625 875 1,281 1,764
Licensing        
Revenues:        
Total revenue $ 2,141 $ 994 $ 3,882 $ 2,633