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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
License and collaboration revenues $ 71,793 $ 11,424 $ 71,793 $ 11,690
Total revenue 71,793 11,424 71,793 11,690
Expenses        
Research and development 116,109 79,853 354,755 216,644
General and administrative 35,183 20,249 93,144 58,074
Total operating expenses 151,292 100,102 447,899 274,718
Loss from operations (79,499) (88,678) (376,106) (263,028)
Other income (expense), net 2,744 1,342 (2,759) 6,178
Loss before income taxes (76,755) (87,336) (378,865) (256,850)
Income tax expense 3,299 0 3,299 0
Net loss (80,054) (87,336) (382,164) (256,850)
Unrealized (loss) gain on available-for-sale investments (6) (827) (164) 568
Comprehensive loss $ (80,060) $ (88,163) $ (382,328) $ (256,282)
Basic net loss per share (USD per share) $ (1.55) $ (1.96) $ (7.45) $ (5.87)
Diluted net loss per share (USD per share) $ (1.55) $ (1.96) $ (7.45) $ (5.87)
Weighted average common shares outstanding, basic (shares) 51,655,259 44,614,226 51,305,547 43,778,607
Weighted average common shares outstanding, diluted (shares) 51,655,259 44,614,226 51,305,547 43,778,607