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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]        
Collaboration revenue $ 802 $ 1,677 $ 2,406 $ 33,169
Operating expenses:        
Research and development 25,854 23,987 71,202 69,439
General and administrative 7,810 8,351 29,991 26,054
Total operating expenses 33,664 32,338 101,193 95,493
Loss from operations (32,862) (30,661) (98,787) (62,324)
Other income (expense):        
Gain on sale of business 0 0 131,249 0
Interest income 1,269 53 1,775 143
Total other income 1,269 53 133,024 143
Income (loss) before income taxes (31,593) (30,608) 34,237 (62,181)
Benefit from (provision for) income taxes 46 0 (816) 0
Loss from equity method investment (2,179) 0 (4,131) 0
Net income (loss) $ (33,726) $ (30,608) $ 29,290 $ (62,181)
Net income (loss) per share-basic $ (0.59) $ (0.54) $ 0.51 $ (1.14)
Net income (loss) per share-diluted $ (0.59) $ (0.54) $ 0.51 $ (1.14)
Weighted-average common shares outstanding-basic 57,447,192 57,106,639 57,372,399 54,704,410
Weighted-average common shares outstanding-diluted 57,447,192 57,106,639 57,901,298 54,704,410