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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Collaboration revenue [1] $ 211,928 $ 563 $ 212,574 $ 3,009
Operating expenses:        
Research and development [2] 57,246 39,820 130,601 84,972
General and administrative 15,519 10,175 46,216 31,752
Total operating expenses 72,765 49,995 176,817 116,724
Income (loss) from operations 139,163 (49,432) 35,757 (113,715)
Other income (expense):        
Loss from equity method investment (3,430) (1,012) (5,467) (3,256)
Other income (expense), net 2,964 (130) 6,470 (101)
Total other income (expense), net (466) (1,142) 1,003 (3,357)
Net income (loss) before income taxes 138,697 (50,574) 36,760 (117,072)
Provision for income taxes (274) (137) (444) (319)
Net income (loss) 138,423 (50,711) 36,316 (117,391)
Foreign currency translation adjustment (12) (6) (14) (15)
Comprehensive income (loss) 138,411 (50,717) 36,302 (117,406)
Reconciliation of net income (loss) to net income (loss) attributable to common shareholders:        
Net income (loss) $ 138,423 $ (50,711) $ 36,316 $ (117,391)
Net income (loss) per share attributable to common shareholders— basic $ 2.52 $ (1.07) $ 0.68 $ (2.51)
Weighted-average common shares outstanding used in net income (loss) per share attributable to common shareholders—basic 54,829,057 47,391,988 53,380,123 46,709,388
Net income (loss) per share attributable to common shareholders— diluted $ 2.40 $ (1.07) $ 0.65 $ (2.51)
Weighted-average common shares outstanding used in net income (loss) per share attributable to common shareholders—diluted 57,598,901 47,391,988 55,821,420 46,709,388
[1] Including the following revenue from a related party, see Notes 6 & 11
[2] Including the following research and development expense with a related party, see Notes 6 & 11