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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 19,977 $ 32,649 $ 39,115 $ 54,867
Operating Expenses        
Cost of revenues 9,475 12,951 13,587 28,668
Research and development 59,886 61,008 118,402 116,635
General and administrative 23,698 20,832 46,332 43,150
Other operating expenses 26 391 59 474
Total operating expenses 93,085 95,182 178,380 188,927
Loss from operations (73,108) (62,533) (139,265) (134,060)
Other Income (Expense)        
Interest income from licensing 40 153 110 247
Investment income 2,127 1,061 4,293 1,860
Interest expense (1,120) (6,860) (3,875) (12,990)
Total other income (expense) 1,047 (5,646) 528 (10,883)
Loss before income taxes (72,061) (68,179) (138,737) (144,943)
Income Tax Benefit       41
Net loss (72,061) (68,179) (138,737) (144,902)
Other Comprehensive Income (Loss)        
Unrealized gain (loss) on available-for-sale securities, net 1,524 (2,813) 5,303 (12,194)
Total other comprehensive income (loss) 1,524 (2,813) 5,303 (12,194)
Comprehensive loss $ (70,537) $ (70,992) $ (133,434) $ (157,096)
Net loss per share, basic $ (1.66) $ (1.58) $ (3.19) $ (3.37)
Net loss per share, diluted $ (1.66) $ (1.58) $ (3.19) $ (3.37)
Weighted-average common shares outstanding, basic 43,531 43,111 43,491 43,028
Weighted-average common shares outstanding, diluted 43,531 43,111 43,491 43,028
License and royalty [Member]        
Revenues        
Revenues $ 19,977 $ 32,649 $ 39,115 $ 54,867