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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 94 $ 824 $ 1,192 $ 902,064
Operating expenses:        
Research and development 116,622 83,500 358,090 237,472
General and administrative 27,001 23,709 81,295 76,012
Collaboration expense, net 38,859 22,464 103,427 69,354
Total operating expenses 182,482 129,673 542,812 382,838
(Loss) income from operations (182,388) (128,849) (541,620) 519,226
Other income:        
Other income, net 7,264 1,101 11,171 3,806
Total other income, net 7,264 1,101 11,171 3,806
Net (loss) income before income taxes (175,124) (127,748) (530,449) 523,032
Benefit (provision) for income taxes 575 595 (9,151) (4,123)
Net (loss) income (174,549) (127,153) (539,600) 518,909
Foreign currency translation adjustment (100) (24) (195) (14)
Unrealized loss on marketable securities (1,820) (117) (17,001) (673)
Comprehensive (loss) income $ (176,469) $ (127,294) $ (556,796) $ 518,222
Net (loss) income per common share - basic $ (2.24) $ (1.67) $ (6.96) $ 6.85
Basic weighted-average common shares outstanding 78,021,520 76,288,534 77,547,771 75,712,437
Net (loss) income per common share - diluted $ (2.24) $ (1.67) $ (6.96) $ 6.44
Diluted weighted-average common shares outstanding 78,021,520 76,288,534 77,547,771 80,554,682
Collaboration Revenue [Member]        
Revenue:        
Total revenue $ 94 $ 329 $ 430 $ 900,733
Grant Revenue [Member]        
Revenue:        
Total revenue $ 0 $ 495 $ 762 $ 1,331