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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Collaboration revenue - related party $ 126,473 $ 1,216 $ 125,951 $ 2,709
Type of Revenue [Extensible List] us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember
Total revenue $ 126,473 $ 1,216 $ 125,951 $ 2,709
Operating expenses:        
Research and development expenses 46,792 43,935 90,761 83,584
General and administrative expenses 28,051 20,335 50,521 38,906
Collaboration (profit) loss sharing - related party 2,106 271 5,713 (705)
Total operating expenses 76,949 64,541 146,995 121,785
Income (loss) from operations 49,524 (63,325) (21,044) (119,076)
Other income (expense):        
Interest income 1,726 395 2,758 779
Interest expense (3,187) (1,501) (5,135) (2,413)
Other expense (1,511) (304) (1,201) (649)
Total other expense, net (2,972) (1,410) (3,578) (2,283)
Net income (loss) $ 46,552 $ (64,735) $ (24,622) $ (121,359)
Net income (loss) per share attributable to common stockholders, basic $ 0.36 $ (0.7) $ (0.19) $ (1.32)
Net income (loss) per share attributable to common stockholders, diluted $ 0.36 $ (0.7) $ (0.19) $ (1.32)
Weighted average common shares outstanding, basic 127,713,486 92,255,416 126,793,342 92,224,382
Weighted average common shares outstanding, diluted 129,844,931 92,255,416 126,793,342 92,224,382
Other comprehensive (loss) income:        
Unrealized (loss) gain on investments, net of tax of $0 $ (2) $ (41) $ 10 $ (196)
Currency translation adjustment (1) 0 1 0
Total other comprehensive (loss) income (3) (41) 11 (196)
Comprehensive income (loss) $ 46,549 $ (64,776) $ (24,611) $ (121,555)