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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 158 $ 900,701 $ 1,098 $ 901,240
Operating expenses:        
Research and development 123,223 82,332 241,468 153,971
General and administrative 26,273 28,806 54,294 52,303
Collaboration expense, net 33,922 26,945 64,568 46,891
Total operating expenses 183,418 138,083 360,330 253,165
(Loss) income from operations (183,260) 762,618 (359,232) 648,075
Other income:        
Other income, net 3,544 750 3,907 2,705
Total other income, net 3,544 750 3,907 2,705
Net (loss) income before income taxes (179,716) 763,368 (355,325) 650,780
Provision for income taxes (6,118) (4,143) (9,726) (4,718)
Net (loss) income (185,834) 759,225 (365,051) 646,062
Foreign currency translation adjustment (69) 5 (95) 10
Unrealized loss on marketable securities (3,380) (173) (15,180) (556)
Comprehensive (loss) income $ (189,283) $ 759,057 $ (380,326) $ 645,516
Net (loss) income per common share - basic $ (2.40) $ 10.01 $ (4.72) $ 8.57
Basic weighted-average common shares outstanding 77,513,327 75,826,594 77,306,970 75,418,160
Net (loss) income per common share - diluted $ (2.40) $ 9.44 $ (4.72) $ 8.03
Diluted weighted-average common shares outstanding 77,513,327 80,449,956 77,306,970 80,458,855
Collaboration Revenue [Member]        
Revenue:        
Total revenue $ 158 $ 900,202 $ 336 $ 900,404
Grant Revenue [Member]        
Revenue:        
Total revenue $ 0 $ 499 $ 762 $ 836