XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 517 $ 70,000 $ 1,021 $ 170,000
Operating expenses:        
Research and development 80,165 101,555 156,338 201,490
General and administrative 19,481 19,032 37,434 41,392
Collaboration expense, net 52,131 44,636 99,097 86,828
Total operating expenses 151,777 165,223 292,869 329,710
Loss from operations (151,260) (95,223) (291,848) (159,710)
Other income:        
Other income, net 26,139 18,406 50,860 31,148
Total other income, net 26,139 18,406 50,860 31,148
Net loss before income taxes (125,121) (76,817) (240,988) (128,562)
Provision for income taxes (1,287) (923) (2,011) (2,243)
Net loss (126,408) (77,740) (242,999) (130,805)
Foreign currency translation adjustment 2 28 (9) 60
Unrealized (loss) gain on marketable securities (1,329) 452 (4,783) 6,679
Comprehensive loss $ (127,735) $ (77,260) $ (247,791) $ (124,066)
Net loss per common share - basic $ (1.49) $ (0.98) $ (2.92) $ (1.66)
Basic weighted-average common shares outstanding 84,920,929 79,091,061 83,357,780 78,885,168
Net loss per common share - diluted $ (1.49) $ (0.98) $ (2.92) $ (1.66)
Diluted weighted-average common shares outstanding 84,920,929 79,091,061 83,357,780 78,885,168
Collaboration Revenue [Member]        
Revenue:        
Total revenue $ 0 $ 70,000 $ 0 $ 170,000
Grant Revenue [Member]        
Revenue:        
Total revenue $ 517 $ 0 $ 1,021 $ 0