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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Collaboration revenue $ 354 $ 802 $ 1,156 $ 1,604
Operating expenses:        
Research and development 22,982 21,075 42,970 45,348
General and administrative 8,188 8,034 16,513 22,181
Total operating expenses 31,170 29,109 59,483 67,529
Loss from operations (30,816) (28,307) (58,327) (65,925)
Other income        
Gain on sale of business 0 0 0 131,249
Interest income 1,511 474 2,980 506
Total other income 1,511 474 2,980 131,755
Income (loss) before income taxes (29,305) (27,833) (55,347) 65,830
Benefit from (provision for) income taxes 0 105 0 (862)
Loss from equity method investment (5,739) (1,361) (8,541) (1,952)
Net income (loss) $ (35,044) $ (29,089) $ (63,888) $ 63,016
Net income (loss) per share-basic $ (0.61) $ (0.51) $ (1.11) $ 1.10
Net income (loss) per share-diluted $ (0.61) $ (0.51) $ (1.11) $ 1.09
Weighted-average common shares outstanding-basic 57,795,285 57,385,578 57,756,032 57,334,078
Weighted-average common shares outstanding-diluted 57,795,285 57,385,578 57,756,032 57,869,443