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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total revenue $ 71,857 $ 73,414 $ 60,370
Costs and expenses:      
Cost of goods sold     715
Research and development (1) 260,953 219,248 201,348
Selling, general and administrative (1) 108,661 106,081 97,058
Total costs and expenses 369,614 325,329 299,121
Loss from operations (297,757) (251,915) (238,751)
Income from investment in TRC, LLC 68,438 33,705 11,182
Interest expense (44,585) (31,862) (10,482)
Loss on extinguishment of debt (15,464)    
Interest and other income, net 2,831 8,395 11,966
Loss before income taxes (286,537) (241,677) (226,085)
Provision for income tax benefit 8,520 5,222 10,561
Net loss $ (278,017) $ (236,455) $ (215,524)
Net loss per share:      
Basic and diluted net loss per share (in dollars per share) $ (4.46) $ (4.25) $ (3.99)
Shares used to compute basic and diluted net loss per share (in shares) 62,345 55,610 53,969
Total share-based compensation expense $ 62,976 $ 60,450 $ 51,313
Research and development      
Net loss per share:      
Total share-based compensation expense 31,294 28,953 25,563
Selling, general and administrative      
Net loss per share:      
Total share-based compensation expense 31,682 31,497 25,750
Product sales      
Revenue:      
Total revenue     15,304
Collaborative revenue      
Revenue:      
Total revenue 26,464 31,250 41,791
Licensing revenue      
Revenue:      
Total revenue 1,500 28,500  
Viatris collaboration agreement      
Revenue:      
Total revenue $ 43,893 $ 13,664 $ 3,275