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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 13,194,000 $ 18,257,000 $ 40,365,000 $ 53,127,000
Expenses:        
Research and development (1) 43,739,000 67,371,000 162,431,000 195,788,000
Selling, general and administrative (1) 21,299,000 27,501,000 77,780,000 78,606,000
Restructuring and related expenses 1,771,000   1,771,000  
Total expenses 66,809,000 94,872,000 241,982,000 274,394,000
Loss from operations (53,615,000) (76,615,000) (201,617,000) (221,267,000)
Income from investment in TRC, LLC 30,208,000 13,403,000 68,681,000 48,299,000
Interest expense (11,742,000) (11,573,000) (35,227,000) (32,905,000)
Loss on extinguishment of debt       (15,464,000)
Interest and other income (expense), net (166,000) 1,235,000 771,000 2,033,000
Loss before income taxes (35,315,000) (73,550,000) (167,392,000) (219,304,000)
Provision for income tax benefit (expense) 7,000 (93,000) 0 (279,000)
Net loss (35,308,000) (73,643,000) (167,392,000) (219,583,000)
Net unrealized gain (loss) on available-for-sale investments 6,000 (158,000) (33,000) (23,000)
Total comprehensive loss $ (35,302,000) $ (73,801,000) $ (167,425,000) $ (219,606,000)
Net loss per share:        
Basic net loss per share $ (0.48) $ (1.16) $ (2.46) $ (3.55)
Diluted net loss per share $ (0.48) $ (1.16) $ (2.46) $ (3.55)
Shares used to compute basic net loss per share 73,574 63,303 67,945 61,881
Shares used to compute diluted net loss per share 73,574 63,303 67,945 61,881
Total share-based compensation expense $ 14,370,000 $ 15,564,000 $ 45,143,000 $ 47,425,000
Research and development        
Expenses:        
Restructuring and related expenses 1,000,000.0   1,000,000.0  
Net loss per share:        
Total share-based compensation expense 6,956,000 7,761,000 22,192,000 23,724,000
Selling, general and administrative        
Expenses:        
Restructuring and related expenses 800,000   800,000  
Net loss per share:        
Total share-based compensation expense 7,414,000 7,803,000 22,951,000 23,701,000
Collaborative revenue        
Revenue:        
Total revenue 2,797,000 7,261,000 8,649,000 19,381,000
Licensing revenue        
Revenue:        
Total revenue       1,500,000
Viatris collaboration agreement        
Revenue:        
Total revenue $ 10,397,000 $ 10,996,000 $ 31,716,000 $ 32,246,000