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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Commercialization revenue $ 17,575 $ 28,640 $ 115,724 $ 55,997
Costs and operating expenses:        
Cost of commercialization revenue 554 4,627 20,993 6,612
Research and development expenses 7,310 33,332 34,743 78,838
General and administrative expenses 6,514 8,912 17,989 20,025
Total costs and operating expenses 14,378 46,871 73,725 105,475
Income (loss) from operations 3,197 (18,231) 41,999 (49,478)
Other income (expense), net:        
Interest income 143 450 379 1,054
Interest expense (972) (1,262) (1,989) (2,415)
Other income (expense), net 22 (6) 11 62
Total other income (expense), net (807) (818) (1,599) (1,299)
Income (loss) before provision for (benefit from) income taxes 2,390 (19,049) 40,400 (50,777)
Provision for (benefit from) income taxes 3 0 3 24
Net income (loss) 2,387 (19,049) 40,397 (50,801)
Other comprehensive gain (loss):        
Unrealized gain (loss) on available-for-sale securities 0 41 (8) 190
Comprehensive income (loss) $ 2,387 $ (19,008) $ 40,389 $ (50,611)
Basic earnings (loss) per common share $ 0.2 $ (3.1) $ 3.52 $ (8.64)
Diluted earnings (loss) per common share $ 0.19 $ (3.1) $ 3.49 $ (8.64)
Basic weighted-average shares outstanding 12,197 6,143 11,484 5,883
Diluted weighted-average shares outstanding 12,310 6,143 11,576 5,883