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Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' (Deficit) Equity (Unaudited) - USD ($)
shares in Thousands
Total
Preferred Stock
Series A Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balances at Dec. 31, 2021 $ 83,941,000   $ 5,000 $ 425,765,000 $ (20,000) $ (341,809,000)
Balances (in shares) at Dec. 31, 2021     49,355      
Issuance of common stock in connection with employee stock purchase plan 184,000     184,000    
Issuance of common stock in connection with employee stock purchase plan (in shares)     65      
Stock-based compensation expense 2,101,000     2,101,000    
Foreign currency translation adjustment (13,000)       (13,000)  
Unrealized gain (loss) on marketable securities (120,000)       (120,000)  
Net loss (24,436,000)         (24,436,000)
Balances at Mar. 31, 2022 61,657,000   $ 5,000 428,050,000 (153,000) (366,245,000)
Balances (in shares) at Mar. 31, 2022     49,420      
Balances at Dec. 31, 2021 83,941,000   $ 5,000 425,765,000 (20,000) (341,809,000)
Balances (in shares) at Dec. 31, 2021     49,355      
Foreign currency translation adjustment (49,000)          
Unrealized gain (loss) on marketable securities (151,000)          
Net loss (46,759,000)          
Balances at Jun. 30, 2022 84,157,000   $ 6,000 472,939,000 (220,000) (388,568,000)
Balances (in shares) at Jun. 30, 2022     61,173      
Balances at Mar. 31, 2022 61,657,000   $ 5,000 428,050,000 (153,000) (366,245,000)
Balances (in shares) at Mar. 31, 2022     49,420      
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs 42,873,000   $ 1,000 42,872,000    
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs (in shares)     10,753      
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     1,000      
Stock-based compensation expense 2,017,000     2,017,000    
Foreign currency translation adjustment (36,000)       (36,000)  
Unrealized gain (loss) on marketable securities (31,000)       (31,000)  
Net loss (22,323,000)         (22,323,000)
Balances at Jun. 30, 2022 84,157,000   $ 6,000 472,939,000 (220,000) (388,568,000)
Balances (in shares) at Jun. 30, 2022     61,173      
Balances at Dec. 31, 2022 50,305,000   $ 6,000 475,971,000 (48,000) (425,624,000)
Balances (in shares) at Dec. 31, 2022     65,350      
Issuance of common stock in connection with employee stock purchase plan 18,000     18,000    
Issuance of common stock in connection with employee stock purchase plan (in shares)     45      
Stock-based compensation expense 1,709,000     1,709,000    
Foreign currency translation adjustment 10,000       10,000  
Unrealized gain (loss) on marketable securities 32,000       32,000  
Net loss (18,422,000)         (18,422,000)
Balances at Mar. 31, 2023 33,652,000   $ 6,000 477,698,000 (6,000) (444,046,000)
Balances (in shares) at Mar. 31, 2023     65,395      
Balances at Dec. 31, 2022 50,305,000   $ 6,000 475,971,000 (48,000) (425,624,000)
Balances (in shares) at Dec. 31, 2022     65,350      
Foreign currency translation adjustment 28,000          
Unrealized gain (loss) on marketable securities 31,000          
Net loss (235,503,000)          
Balances at Jun. 30, 2023 (207,369,000)   $ 6,000 453,741,000 11,000 (661,127,000)
Balances (in shares) at Jun. 30, 2023     81,002      
Balances at Jun. 30, 2023   $ 197,323,000        
Balances (in shares) at Jun. 30, 2023   721        
Balances at Mar. 31, 2023 33,652,000   $ 6,000 477,698,000 (6,000) (444,046,000)
Balances (in shares) at Mar. 31, 2023     65,395      
Issuance of Series A non-voting convertible preferred stock in connection with private placement, net of financing costs   $ 197,323,000        
Issuance of Series A non-voting convertible preferred stock in connection with private placement, net of financing costs, (in shares)   721        
Issuance of common stock forward in connection with the asset acquisition of Spyre 3,768,000     3,768,000    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     15,607      
CVR distribution to common stockholders (29,500,000)     (29,500,000)    
Stock-based compensation expense 1,775,000     1,775,000    
Foreign currency translation adjustment 18,000       18,000  
Unrealized gain (loss) on marketable securities (1,000)       (1,000)  
Net loss (217,081,000)         (217,081,000)
Balances at Jun. 30, 2023 $ (207,369,000)   $ 6,000 $ 453,741,000 $ 11,000 $ (661,127,000)
Balances (in shares) at Jun. 30, 2023     81,002      
Balances at Jun. 30, 2023   $ 197,323,000        
Balances (in shares) at Jun. 30, 2023   721