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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Operations and Comprehensive Income (Loss)      
Collaboration revenue $ 171,128 $ 104,391 $ 7,619
Operating expenses:      
Research and development 108,753 119,735 64,905
General and administrative 34,991 36,335 33,809
Total operating expenses 143,744 156,070 98,714
Operating income (loss) 27,384 (51,679) (91,095)
Other income (expense), net:      
Interest income 1,659 6,457 3,310
Other income (expense), net 7,698 1,625 (683)
Total other income 9,357 8,082 2,627
Income (loss) before income taxes 36,741 (43,597) (88,468)
Income tax benefit     180
Net income (loss) 36,741 (43,597) (88,288)
Other comprehensive (loss) income      
Net unrealized (loss) gain on available-for-sale-securities (30) 29 34
Total other comprehensive (loss) income (30) 29 34
Comprehensive income (loss) $ 36,711 $ (43,568) $ (88,254)
Net income (loss) per share, basic $ 0.99 $ (1.21) $ (2.75)
Net income (loss) per share, diluted $ 0.98 $ (1.21) $ (2.75)
Weighted-average common shares outstanding, basic 37,132,447 35,898,266 32,065,781
Weighted-average common shares outstanding, diluted 37,348,514 35,898,266 32,065,781