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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Collaboration revenue $ 4,614 $ 41,086 $ 159,947 $ 42,457
Operating expenses:        
Research and development 25,863 19,337 66,416 46,213
General and administrative 8,258 7,307 25,580 22,518
Total operating expenses 34,121 26,644 91,996 68,731
Operating (loss) income (29,507) 14,442 67,951 (26,274)
Other income, net:        
Interest income 3,429 545 8,567 816
Other income   2,637 3 2,676
Total other income, net 3,429 3,182 8,570 3,492
(Loss) income before income taxes (26,078) 17,624 76,521 (22,782)
Income tax (benefit) provision (177)   586  
Net (loss) income (25,901) 17,624 75,935 (22,782)
Other comprehensive (loss) income:        
Net unrealized (loss) gain on available-for-sale securities (115) 27 (29) (199)
Total other comprehensive (loss) income (115) 27 (29) (199)
Comprehensive (loss) income $ (26,016) $ 17,651 $ 75,906 $ (22,981)
Net (loss) income per share, basic $ (0.59) $ 0.46 $ 1.85 $ (0.59)
Net (loss) income per share, diluted $ (0.59) $ 0.45 $ 1.78 $ (0.59)
Weighted-average common shares outstanding, basic 43,864,838 38,507,542 40,962,116 38,292,497
Weighted-average common shares outstanding, diluted 43,864,838 39,570,394 42,610,724 38,292,497