XML 40 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 1,198 $ 914,963 $ 719
Operating expenses:      
Research and development 461,645 340,567 221,382
General and administrative 102,464 99,690 85,747
Collaboration expense, net 110,250 101,178 48,025
Total operating expenses 674,359 541,435 355,154
(Loss) income from operations (673,161) 373,528 (354,435)
Other income      
Other income, net 22,661 6,003 6,379
Total other income, net 22,661 6,003 6,379
Net income (loss) before income taxes (650,500) 379,531 (348,056)
Benefit (provision) for income taxes 325 (1,870) (809)
Net (loss) income (650,175) 377,661 (348,865)
Foreign currency translation adjustment (80) (11) 40
Unrealized loss on marketable securities (10,500) (4,973) (130)
Comprehensive (loss) income $ (660,755) $ 372,677 $ (348,955)
Net (loss) income per common share - basic $ (8.36) $ 4.97 $ (5.29)
Basic weighted-average common shares outstanding 77,746,575 75,948,686 65,949,672
Net (loss) income per common share - diluted $ (8.36) $ 4.70 $ (5.29)
Diluted weighted-average common shares outstanding 77,746,575 80,393,496 65,949,672
Collaboration Revenue [Member]      
Revenue:      
Total revenue $ 436 $ 913,081 $ 543
Grant Revenue [Member]      
Revenue:      
Total revenue $ 762 $ 1,882 $ 176