XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 892 $ 517 $ 1,757 $ 1,021
Operating expenses:        
Research and development 69,894 80,165 142,378 156,338
Acquired in-process research and development 96,253 0 96,253 0
General and administrative 18,916 19,481 38,212 37,434
Collaboration expense, net 45,153 52,131 102,662 99,097
Total operating expenses 230,216 151,777 379,505 292,869
Loss from operations (229,324) (151,260) (377,748) (291,848)
Other income:        
Other income, net 22,067 26,139 35,604 50,860
Total other income, net 22,067 26,139 35,604 50,860
Net loss before income taxes (207,257) (125,121) (342,144) (240,988)
Provision for income taxes (1,292) (1,287) (2,401) (2,011)
Net loss (208,549) (126,408) (344,545) (242,999)
Foreign currency translation adjustment 80 2 121 (9)
Unrealized (loss) gain on marketable securities (174) (1,329) 2,080 (4,783)
Comprehensive loss $ (208,643) $ (127,735) $ (342,344) $ (247,791)
Net loss per common share - basic $ (2.4) $ (1.49) $ (3.98) $ (2.92)
Basic weighted-average common shares outstanding 87,069,690 84,920,929 86,507,330 83,357,780
Net loss per common share - diluted $ (2.4) $ (1.49) $ (3.98) $ (2.92)
Diluted weighted-average common shares outstanding 87,069,690 84,920,929 86,507,330 83,357,780
Collaboration Revenue [Member]        
Revenue:        
Total revenue $ 0 $ 0 $ 0 $ 0
Grant Revenue [Member]        
Revenue:        
Total revenue $ 892 $ 517 $ 1,757 $ 1,021