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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 89,012 $ 15,622
Operating Expenses    
Cost of license and royalty revenues 3,436 4,283
Research and development 53,087 54,844
General and administrative 20,347 18,291
Impairment of long-lived assets   2,101
Other operating expenses (income) 15 (34)
Total operating expenses 76,885 79,485
Income (loss) from operations 12,127 (63,863)
Other Income (Expense)    
Interest income from licensing 25 37
Investment income 2,501 2,469
Interest expense (8,570) (1,973)
Total other income (expense) (6,044) 533
Net income (loss) 6,083 (63,330)
Other Comprehensive Income    
Unrealized gain (loss) on available-for-sale securities, net (21) 1,200
Total other comprehensive income (loss) (21) 1,200
Comprehensive income (loss) $ 6,062 $ (62,130)
Net income (loss) per share, basic $ 0.12 $ (1.38)
Net income (loss) per share, diluted $ 0.12 $ (1.38)
Weighted-average common shares outstanding, basic 51,362 45,733
Weighted-average common shares outstanding, diluted 51,434 45,733
License and royalty [Member]    
Revenues    
Revenues $ 87,049 $ 15,344
Service [Member]    
Revenues    
Revenues $ 1,963 $ 278