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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Operations and Comprehensive Income (Loss)      
Collaboration revenue $ 250,008 $ 40,907 $ 37,415
Operating expenses:      
Research and development 92,172 60,764 73,787
General and administrative 35,822 30,980 37,246
Total operating expenses 127,994 91,744 111,033
Operating income (loss) 122,014 (50,837) (73,618)
Other income, net:      
Interest income (expense) 11,721 1,792 (390)
Other income 3 2,653 2,811
Total other income, net 11,724 4,445 2,421
Income (loss) before income taxes 133,738 (46,392) (71,197)
Income tax provision 1,408 16  
Net income (loss) 132,330 (46,408) (71,197)
Other comprehensive income (loss)      
Net unrealized gain (loss) on available-for-sale-securities 171 (81) (4)
Total other comprehensive income (loss) 171 (81) (4)
Comprehensive income (loss) $ 132,501 $ (46,489) $ (71,201)
Net income (loss) per share, basic $ 3.08 $ (1.21) $ (1.89)
Net income (loss) per share, diluted $ 2.97 $ (1.21) $ (1.89)
Weighted-average common shares outstanding, basic 43,020,747 38,356,810 37,668,947
Weighted-average common shares outstanding, diluted 44,569,334 38,356,810 37,668,947