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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statements of Operations and Comprehensive (Loss) Income      
Collaboration revenue $ 40,907 $ 37,415 $ 171,128
Operating expenses:      
Research and development 60,764 73,787 108,753
General and administrative 30,980 37,246 34,991
Total operating expenses 91,744 111,033 143,744
Operating (loss) income (50,837) (73,618) 27,384
Other income, net:      
Interest income (expense) 1,792 (390) 1,659
Other income 2,653 2,811 7,698
Total other income, net 4,445 2,421 9,357
(Loss) income before income taxes (46,392) (71,197) 36,741
Income tax provision 16    
Net (loss) income (46,408) (71,197) 36,741
Other comprehensive (loss) income      
Net unrealized loss on available-for-sale-securities (81) (4) (30)
Total other comprehensive loss (81) (4) (30)
Comprehensive (loss) income $ (46,489) $ (71,201) $ 36,711
Net (loss) income per share, basic $ (1.21) $ (1.89) $ 0.99
Net (loss) income per share, diluted $ (1.21) $ (1.89) $ 0.98
Weighted-average common shares outstanding, basic 38,356,810 37,668,947 37,132,447
Weighted-average common shares outstanding, diluted 38,356,810 37,668,947 37,348,514