XML 52 R36.htm IDEA: XBRL DOCUMENT v3.23.3
Collaboration and license agreements - Narrative (Details)
1 Months Ended 3 Months Ended 9 Months Ended 40 Months Ended
May 29, 2023
USD ($)
$ / shares
shares
Aug. 31, 2021
USD ($)
Nov. 30, 2020
USD ($)
target
Feb. 29, 2020
USD ($)
protein
Dec. 31, 2018
USD ($)
performanceObligation
target
Mar. 31, 2017
USD ($)
Sep. 30, 2023
USD ($)
target
performanceObligation
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
performanceObligation
target
Sep. 30, 2022
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2022
USD ($)
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Number of performance obligations | performanceObligation         12              
Transaction price             $ 28,047,000   $ 28,047,000     $ 33,513,000
Revenue from collaboration agreements             11,072,000 $ 6,754,000 17,495,000 $ 28,242,000    
Revenue recognized that was included in the contract liability at the beginning of the period             11,028,000 $ 5,517,000 16,923,000 $ 24,005,000    
Transaction price allocated to performance obligation             67,906,000   $ 67,906,000      
Foreign Tax Authority                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Payments for tax withholdings             $ 1,000,000          
Minimum                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Written notice period for termination of agreement 90 days                      
Restated Roche Agreement                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Additional upfront consideration received         $ 40,000,000              
Number of potential targets | target     5   6              
Number of targets | target             3   3      
Annual research plan payments receivables     $ 1,000,000                  
Annual research plan payments periods     3 years                  
Restated Roche Agreement | Minimum                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Option exercise fees     $ 7,000,000                  
Written notice period for termination of agreement                 90 days      
Restated Roche Agreement | Minimum | Research, development and commercial milestones                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Amount eligible to receive     260,000,000                  
Restated Roche Agreement | Maximum                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Option exercise fees     12,000,000                  
Option exercise fees, through Phase 1 trials     20,000,000                  
Restated Roche Agreement | Maximum | Research, development and commercial milestones                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Amount eligible to receive     275,000,000                  
Restated Roche Agreement | Maximum | One-time sales-based payments                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Amount eligible to receive     150,000,000                  
Restated Roche Agreement | Lead Series Identification Achievement                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Upfront fees     2,000,000                  
Restated Roche Agreement | Good Laboratory Practice (“GLP”) Toxicology (“Tox”) Study Phase                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Upfront fees     $ 3,000,000                  
Betta Agreements                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Upfront payment $ 10,000,000           $ 10,000,000          
Number of shares authorized to be repurchased | shares 5,567,928                      
Stock repurchase program, authorized amount $ 25,000,000                      
Share price (in dollars per share) | $ / shares $ 4.49                      
Stock Repurchase Program, Premium Percentage 25.00%                      
Transaction price             10,000,000   $ 10,000,000      
Revenue from collaboration agreements             $ 0   $ 0      
Betta Agreements | Research and development milestones                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Amount eligible to receive $ 357,000,000                      
Betta Agreements | Drug Application Approval                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Amount eligible to receive $ 40,000,000                      
Biogen License Agreement                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Number of targets | performanceObligation             5   5      
Research agreement, period       54 months                
Nonrefundable upfront payment       $ 45,000,000                
Number of performance obligation | performanceObligation             1   1      
Number of additional targets | target                 2      
Biogen License Agreement | Research and development services                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Revenue recognized that was included in the contract liability at the beginning of the period                 $ 55,000,000      
Transaction price allocated to performance obligation             $ 3,700,000   3,700,000      
Biogen License Agreement | Maximum                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Number of targeted protein degradation | protein       5                
Biogen License Agreement | Maximum | Research and development milestones                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Payment received       $ 35,000,000                
Biogen License Agreement | Maximum | One-time sales-based payments                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Payment received       $ 26,000,000                
Calico License Agreement                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Upfront payment                     $ 5,000,000  
Research term           5 years            
Amount payable for extend research term option   $ 1,000,000                    
Research extend term   1 year                    
Annual payments                     $ 5,000,000  
Calico License Agreement | Research and development services                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Revenue recognized that was included in the contract liability at the beginning of the period                 13,000,000      
Calico License Agreement | Maximum | One-time sales-based payments                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Payment received           $ 65,000,000            
Calico License Agreement | Maximum | Potential research, development and commercial milestone payments                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Payment received           $ 132,000,000            
Restated Roche Agreement And Biogen License Agreement                        
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]                        
Transaction price allocated to performance obligation             $ 33,100,000   $ 33,100,000