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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Collaboration revenue $ 4,853 $ 712 $ 155,333 $ 1,371
Operating expenses:        
Research and development 21,985 12,527 40,553 26,876
General and administrative 8,294 7,552 17,322 15,211
Total operating expenses 30,279 20,079 57,875 42,087
Operating (loss) income (25,426) (19,367) 97,458 (40,716)
Other income, net:        
Interest income 3,274 219 5,138 271
Other income: 3 61 3 39
Total other income, net 3,277 280 5,141 310
(Loss) income before income taxes (22,149) (19,087) 102,599 (40,406)
Income tax provision 59   763  
Net (loss) income (22,208) (19,087) 101,836 (40,406)
Other comprehensive (loss) income:        
Net unrealized (loss) gain on available-for-sale securities (1) (141) 86 (226)
Total other comprehensive (loss) income (1) (141) 86 (226)
Comprehensive (loss) income $ (22,209) $ (19,228) $ 101,922 $ (40,632)
Net (loss) income per share, basic $ (0.51) $ (0.50) $ 2.42 $ (1.06)
Net (loss) income per share, diluted $ (0.51) $ (0.50) $ 2.33 $ (1.06)
Weighted-average common shares outstanding, basic 43,520,137 38,298,426 42,102,101 38,183,192
Weighted-average common shares outstanding, diluted 43,520,137 38,298,426 43,770,999 38,183,192