XML 29 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 37,314 $ 371,206 $ 1,198
Operating expenses:      
Research and development 320,653 387,332 461,645
General and administrative 72,977 76,162 102,464
Collaboration expense, net 110,250 130,250 110,250
Total operating expenses 503,880 593,744 674,359
Loss from operations (466,566) (222,538) (673,161)
Other income      
Other income, net 103,901 71,816 22,661
Total other income, net 103,901 71,816 22,661
Net loss before income taxes (362,665) (150,722) (650,500)
(Provision) benefit for income taxes (3,587) (2,888) 325
Net loss (366,252) (153,610) (650,175)
Foreign currency translation adjustment (21) 73 (80)
Unrealized (loss) gain on marketable securities (52) 17,487 (10,500)
Comprehensive loss $ (366,325) $ (136,050) $ (660,755)
Net loss per common share - basic $ (4.34) $ (1.94) $ (8.36)
Basic weighted-average common shares outstanding 84,359,126 79,220,930 77,746,575
Net loss per common share - diluted $ (4.34) $ (1.94) $ (8.36)
Diluted weighted-average common shares outstanding 84,359,126 79,220,930 77,746,575
Collaboration Revenue [Member]      
Revenue:      
Total revenue $ 35,000 $ 370,000 $ 436
Grant Revenue [Member]      
Revenue:      
Total revenue $ 2,314 $ 1,206 $ 762