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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 11,050 $ 12,914 $ 24,246 $ 27,171
Expenses:        
Research and development (1) 15,571 51,093 38,824 118,692
Selling, general and administrative (1) 16,986 25,931 34,828 56,481
Transaction-related legal expenses (Note 13) 3,778   5,057  
Restructuring and related expenses (1) 1,594   10,918  
Total expenses 37,929 77,024 89,627 175,173
Total share-based compensation expense 9,709 14,941 24,254 30,773
Loss from operations (26,879) (64,110) (65,381) (148,002)
Income from investment in TRC, LLC 28,127 21,926 53,237 38,473
Interest expense (11,884) (11,612) (23,539) (23,485)
Interest income and other income (expense), net 2,440 1,171 2,065 937
Loss before income taxes (8,196) (52,625) (33,618) (132,077)
Provision for income tax benefit (expense) 5 220 (519) (7)
Net loss (8,191) (52,405) (34,137) (132,084)
Net unrealized loss on available-for-sale investments (17) (9) (45) (39)
Total comprehensive loss $ (8,208) $ (52,414) $ (34,182) $ (132,123)
Net loss per share:        
Basic net loss per share $ (0.11) $ (0.80) $ (0.45) $ (2.03)
Diluted net loss per share $ (0.11) $ (0.80) $ (0.45) $ (2.03)
Shares used to compute basic net loss per share 76,270 65,669 75,761 65,085
Shares used to compute diluted net loss per share 76,270 65,669 75,761 65,085
Research and development        
Expenses:        
Restructuring and related expenses (1) $ 400   $ 5,100  
Total share-based compensation expense 3,556 $ 7,315 8,086 $ 15,236
Selling, general and administrative        
Expenses:        
Restructuring and related expenses (1) 1,200   5,800  
Total share-based compensation expense 5,794 7,626 11,292 15,537
Restructuring and related expenses        
Expenses:        
Total share-based compensation expense 359   4,876  
Viatris collaboration agreement        
Revenue:        
Total revenue 10,878 10,934 21,565 21,319
Collaborative revenue        
Revenue:        
Total revenue $ 172 $ 1,980 181 $ 5,852
Licensing revenue        
Revenue:        
Total revenue     $ 2,500