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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses:        
Research and development expenses $ 16,460 $ 25,154 $ 51,759 $ 94,554
General and administrative expenses 12,710 19,432 40,721 63,519
Total operating expenses 29,170 44,586 92,480 158,073
Loss from operations (29,170) (44,586) (92,480) (158,073)
Other income (expense):        
Interest income 652 2,572 3,530 5,330
Interest expense 0 0 0 (2,468)
Other (expense) income (22,517) 999 (21,184) (202)
Total other (expense) income, net (21,865) 3,571 (17,654) 2,660
Net loss from continuing operations (51,035) (41,015) (110,134) (155,413)
Net income (loss) from discontinued operations, net of tax 139,811 (6,839) 125,907 82,937
Net income (loss) $ 88,776 $ (47,854) $ 15,773 $ (72,476)
Net loss from continuing operations per share attributable to common stockholders, basic $ (0.33) $ (0.32) $ (0.73) $ (1.22)
Net loss from continuing operations per share attributable to common stockholders, diluted (0.33) (0.32) (0.73) (1.22)
Net income (loss) from discontinued operations per share attributable to common stockholders, basic 0.92 (0.05) 0.84 0.65
Net income (loss) from discontinued operations per share attributable to common stockholders, diluted 0.92 (0.05) 0.84 0.65
Net (loss) income per share attributable to common stockholders, basic 0.58 (0.37) 0.11 (0.57)
Net (loss) income per share attributable to common stockholders, diluted $ 0.58 $ (0.37) $ 0.11 $ (0.57)
Weighted-average common shares outstanding, basic 152,648,238 128,289,871 150,097,482 127,297,667
Weighted average common shares outstanding, diluted 152,648,238 128,289,871 150,097,482 127,297,667
Other comprehensive income :        
Unrealized income on investments, net of tax of $0 $ 0 $ 0 $ 0 $ 10
Currency translation adjustment 0 1 0 2
Total other comprehensive income 0 1 0 12
Comprehensive income (loss) $ 88,776 $ (47,853) $ 15,773 $ (72,464)