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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Collaboration revenue $ 0 $ 802 $ 1,156 $ 2,406
Operating expenses:        
Research and development 17,519 25,854 60,489 71,202
General and administrative 6,842 7,810 23,355 29,991
Restructuring and other charges 6,640 0 6,640 0
Total operating expenses 31,001 33,664 90,484 101,193
Loss from operations (31,001) (32,862) (89,328) (98,787)
Other income        
Gain on sale of business 0 0 0 131,249
Interest income 1,423 1,269 4,403 1,775
Total other income 1,423 1,269 4,403 133,024
Income (loss) before income taxes (29,578) (31,593) (84,925) 34,237
Benefit from (provision for) income taxes 0 46 0 (816)
Loss from equity method investment (3,376) (2,179) (11,917) (4,131)
Net income (loss) $ (32,954) $ (33,726) $ (96,842) $ 29,290
Net income (loss) per share-basic $ (0.57) $ (0.59) $ (1.68) $ 0.51
Net income (loss) per share-diluted $ (0.57) $ (0.59) $ (1.68) $ 0.51
Weighted-average common shares outstanding-basic 57,853,132 57,447,192 57,788,755 57,372,399
Weighted-average common shares outstanding-diluted 57,853,132 57,447,192 57,788,755 57,901,298