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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)    
Collaboration revenue $ 19,516 $ 150,480
Operating expenses:    
Research and development 27,092 18,568
General and administrative 8,607 9,028
Total operating expenses 35,699 27,596
Operating (loss) income (16,183) 122,884
Other income:    
Interest income 4,867 1,864
Total other income 4,867 1,864
(Loss) income before income taxes (11,316) 124,748
Income tax provision 14 704
Net (loss) income (11,330) 124,044
Other comprehensive (loss) income:    
Net unrealized (loss) gain on available-for-sale securities (458) 87
Total other comprehensive (loss) income (458) 87
Comprehensive (loss) income $ (11,788) $ 124,131
Net (loss) income per share, basic $ (0.20) $ 3.05
Net (loss) income per share, diluted $ (0.20) $ 2.94
Weighted-average common shares outstanding, basic 57,117,046 40,632,087
Weighted-average common shares outstanding, diluted 57,117,046 42,161,326