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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Collaboration revenue $ 802 $ 2,187 $ 1,604 $ 31,492
Operating expenses:        
Research and development 21,075 23,697 45,348 45,452
General and administrative 8,034 9,042 22,181 17,703
Total operating expenses 29,109 32,739 67,529 63,155
Loss from operations (28,307) (30,552) (65,925) (31,663)
Other income (expense):        
Gain on sale of business 131,249
Interest income 474 52 506 90
Total other income 474 52 131,755 90
Income (loss) before income taxes (27,833) (30,500) 65,830 (31,573)
Benefit from (provision for) income taxes 105 0 (862) 0
Loss from equity method investment (1,361) (1,952)
Net income (loss) $ (29,089) $ (30,500) $ 63,016 $ (31,573)
Net income (loss) per share-basic $ (0.51) $ (0.54) $ 1.10 $ (0.59)
Net income (loss) per share-diluted $ (0.51) $ (0.54) $ 1.09 $ (0.59)
Weighted-average common shares outstanding-basic 57,385,578 56,497,461 57,334,078 53,429,634
Weighted-average common shares outstanding-diluted 57,385,578 56,497,461 57,869,443 53,429,634