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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:      
Research and development expenses $ 64,600 $ 117,597 $ 109,651
General and administrative expenses 53,183 77,500 70,263
Manufacturing services 3,532 0 0
Total operating expenses 121,315 195,097 179,914
Loss from operations (121,315) (195,097) (179,914)
Other (expense) income:      
Gain on sale of VOWST business 5,684 0 0
Interest income 3,967 7,301 3,058
Interest expense 0 (2,468) (6,020)
Other (expense) income, net (14,107) 134 (705)
Total other (expense) income, net (4,456) 4,967 (3,667)
Net loss from continuing operations (125,771) (190,130) (183,581)
Net income (loss) from discontinued operations, net of tax 125,907 76,406 (66,576)
Net income (loss) $ 136 $ (113,724) $ (250,157)
Net loss from continuing operations per share attributable to common stockholders, basic $ (0.81) $ (1.49) $ (1.7)
Net loss from continuing operations per share attributable to common stockholders, diluted (0.81) (1.49) (1.7)
Net income (loss) from discontinued operations per share attributable to common stockholders, diluted 0.81 0.6 (0.62)
Net income (loss) from discontinued operations per share attributable to common stockholders, basic 0.81 0.6 (0.62)
Net loss per share attributable to common stockholders, basic 0 (0.89) (2.31)
Net loss per share attributable to common stockholders, diluted $ 0 $ (0.89) $ (2.31)
Weighted average common shares outstanding, basic 155,400,760 128,003,294 108,077,043
Weighted average common shares outstanding, diluted 155,400,760 128,003,294 108,077,043
Other comprehensive income:      
Unrealized gain on investments, net of tax of $0 $ 0 $ 10 $ 49
Currency translation adjustment 0 2 (1)
Total other comprehensive income 0 12 48
Comprehensive income (loss) $ 136 $ (113,712) $ (250,109)