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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 22,295 $ 19,977 $ 37,917 $ 39,115
Operating Expenses        
Cost of revenues 10,579 9,475 14,862 13,587
Research and development 48,869 59,886 103,713 118,402
General and administrative 18,855 23,698 37,146 46,332
Impairment of long-lived assets     2,101  
Other operating expenses (income) 29 26 (5) 59
Total operating expenses 78,332 93,085 157,817 178,380
Loss from operations (56,037) (73,108) (119,900) (139,265)
Other Income (Expense)        
Interest income from licensing 29 40 66 110
Investment income 3,468 2,127 5,937 4,293
Interest expense (449) (1,120) (2,422) (3,875)
Total other income 3,048 1,047 3,581 528
Net loss (52,989) (72,061) (116,319) (138,737)
Other Comprehensive Income        
Unrealized gain on available-for-sale securities, net 963 1,524 2,163 5,303
Total other comprehensive income 963 1,524 2,163 5,303
Comprehensive loss $ (52,026) $ (70,537) $ (114,156) $ (133,434)
Net loss per share, basic $ (1.05) $ (1.66) $ (2.41) $ (3.19)
Net loss per share, diluted $ (1.05) $ (1.66) $ (2.41) $ (3.19)
Weighted-average common shares outstanding, basic 50,601 43,531 48,167 43,491
Weighted-average common shares outstanding, diluted 50,601 43,531 48,167 43,491
License and royalty [Member]        
Revenues        
Revenues $ 22,295 $ 19,977 $ 37,917 $ 39,115