XML 24 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 51,346 $ 55,311 $ 71,857
Expenses:      
Research and development (1) 63,392 193,657 260,953
Selling, general and administrative (1) 67,073 99,296 108,531
Restructuring and related expenses (1) 12,838 20,142  
Total expenses 143,303 313,095 369,484
Loss from operations (91,957) (257,784) (297,627)
Interest expense (6,369) (8,547) (8,547)
Loss on extinguishment of debt (3,034)    
Interest income and other income, net 8,545 1,109 2,831
Loss from continuing operations before income taxes (92,815) (265,222) (303,343)
Provision for income tax (expense) benefit (9) 151 8,520
Net loss from continuing operations (92,824) (265,071) (294,823)
Income from discontinued operations before income taxes 1,143,930 65,645 16,806
Provision for income tax expense (178,974)    
Net income from discontinued operations 964,956 65,645 16,806
Net income (loss) $ 872,132 $ (199,426) $ (278,017)
Net income (loss) per share:      
Continuing operations - basic $ (1.26) $ (3.82) $ (4.73)
Continuing operations - diluted (1.26) (3.82) (4.73)
Discontinued operations - basic 13.11 0.95 0.27
Discontinued operations - diluted 13.11 0.95 0.27
Net income (loss) - basis 11.85 (2.87) (4.46)
Net income (loss) - diluted $ 11.85 $ (2.87) $ (4.46)
Shares used to compute basis and diluted net income (loss) per share 73,591 69,461 62,345
Shares used to compute basis and diluted net income (loss) per share 73,591 69,461 62,345
Total share-based compensation expense $ 39,734 $ 62,061 $ 62,976
Research and development      
Expenses:      
Restructuring and related expenses (1) 5,900 10,600  
Net income (loss) per share:      
Total share-based compensation expense 12,888 25,634 31,294
Selling, general and administrative      
Expenses:      
Restructuring and related expenses (1) 6,900 9,500  
Net income (loss) per share:      
Total share-based compensation expense 19,848 28,065 31,682
Restructuring and related expenses      
Net income (loss) per share:      
Total share-based compensation expense 6,998 8,362  
Viatris collaboration agreement      
Revenue:      
Total revenue 48,624 43,848 43,893
Viatris royalties (Non-US)      
Revenue:      
Total revenue 30    
Collaboration revenue      
Revenue:      
Total revenue 192 $ 11,463 26,464
Licensing revenue      
Revenue:      
Total revenue $ 2,500   $ 1,500