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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses:        
Research and development $ 56,970 $ 42,880 $ 150,922 $ 126,436
General and administrative 16,706 12,804 50,899 33,923
Total operating expenses 73,676 55,684 201,821 160,359
Loss from operations (73,676) (55,684) (201,821) (160,359)
Other income:        
Interest income 10,329 6,982 32,521 18,929
Unrealized fair value gain on trading securities   490   3,404
Foreign exchange gain (loss) 237 (407) 414 289
Other income 10,566 7,065 32,935 22,622
Loss before income taxes (63,110) (48,619) (168,886) (137,737)
Income tax recovery 320 157 241 87
Net loss (62,790) (48,462) (168,645) (137,650)
Other comprehensive income (loss):        
Unrealized gain on available-for-sale securities (note 6) 3,548 346 1,413 47
Comprehensive loss $ (59,242) $ (48,116) $ (167,232) $ (137,603)
Net loss per common share (note 4):        
Basic $ (0.81) $ (0.73) $ (2.17) $ (2.09)
Diluted $ (0.81) $ (0.73) $ (2.17) $ (2.09)
Weighted-average common shares outstanding (note 4):        
Basic 77,926,205 66,002,163 77,730,644 65,862,661
Diluted 77,926,205 66,002,163 77,730,644 65,862,661