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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenue $ 4,346 $ 9,282 $ 9,509 $ 13,679
Costs and expenses:        
Cost of revenue 654 848 2,087 2,698
Research and development 5,956 23,876 24,560 71,738
General and administrative 5,653 7,091 17,249 24,198
Licensing 1,754 7,344 4,070 8,955
Revaluation of contingent consideration 800 1,700 3,800 (600)
Total costs and expenses 14,817 40,859 51,766 106,989
Loss from operations (10,471) (31,577) (42,257) (93,310)
Other income:        
Interest income 1,991 2,316 5,850 6,320
Non-cash royalty income 894   894  
Total other income 2,885 2,316 6,744 6,320
Net loss $ (7,586) $ (29,261) $ (35,513) $ (86,990)
Net loss per share, basic $ (0.11) $ (0.41) $ (0.50) $ (1.25)
Net loss per share, diluted $ (0.11) $ (0.41) $ (0.50) $ (1.25)
Weighted average common shares outstanding, basic 71,381,731 70,807,934 71,249,813 69,452,495
Weighted average common shares outstanding, diluted 71,381,731 70,807,934 71,249,813 69,452,495
Other comprehensive loss:        
Unrealized gain (loss) on marketable securities, net of tax of $0 $ 890 $ (18) $ 533 $ (232)
Total other comprehensive gain (loss) 890 (18) 533 (232)
Comprehensive loss (6,696) (29,279) (34,980) (87,222)
Contract research        
Revenues:        
Total revenue 645 705 1,926 2,469
Licensing        
Revenues:        
Total revenue $ 3,701 $ 8,577 $ 7,583 $ 11,210