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Consolidated Statements of Operations - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2018
Mar. 31, 2017
Operating expenses:      
Research and development (includes $3,674, $3,893 and $0 of share-based compensation expense for the years ended March 31, 2018 and 2017 and the period from February 2, 2016 (Date of Inception) to March 31, 2016, respectively) $ 0 $ 116,832 $ 43,500
General and administrative (includes $7,909, $4,824 and $987 of share-based compensation expense for the years ended March 31, 2018 and 2017 and the period from February 2, 2016 (Date of Inception) to March 31, 2016, respectively) 1,657 24,231 12,357
Total operating expenses 1,657 141,063 55,857
Changes in the fair value of the Takeda warrant liability 0 0 27,518
Interest expense 0 2,046 0
Other (income) expense 0 (67) 139
Loss before income taxes (1,657) (143,042) (83,514)
Income tax expense (benefit) 0 213 (74)
Net loss $ (1,657) $ (143,255) $ (83,440)
Net loss per common share — basic and diluted (in USD per share) $ (0.04) $ (2.41) $ (1.70)
Weighted average common shares outstanding — basic and diluted (in shares) 37,231,342 59,520,747 49,184,668