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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating expenses:        
Research and development [1] $ 53,813 $ 24,170 $ 105,154 $ 41,878
General and administrative [2] 10,310 6,141 19,052 10,323
Total operating expenses 64,123 30,311 124,206 52,201
Interest expense 1,580 0 3,197 0
Other (income) expense (21) (138) 268 204
Loss before income taxes (65,682) (30,173) (127,671) (52,405)
Income tax expense (benefit) 88 (265) 233 820
Net loss $ (65,770) $ (29,908) $ (127,904) $ (53,225)
Net loss per common share — basic and diluted (in USD per share) $ (0.99) $ (0.50) $ (1.97) $ (0.90)
Weighted average common shares outstanding — basic and diluted (in shares) 66,666,876 59,459,500 64,997,698 59,353,966
Research and development        
Costs allocated from RSL, RSI, and RSG $ 246 $ 565 $ 2,434 $ 1,103
General and administrative        
Costs allocated from RSL, RSI, and RSG $ 949 $ 694 $ 2,174 $ 1,509
[1] Includes $246 and $565 of costs allocated from RSL, RSI, and RSG during the three months ended September 30, 2018 and 2017, respectively, and $2,434 and $1,103 of costs allocated from RSL, RSI, and RSG during the six months ended September 30, 2018 and 2017, respectively. Also includes share-based compensation expense (see Note 8(D)).
[2] Includes $949 and $694 of costs allocated from RSL, RSI, and RSG during the three months ended September 30, 2018 and 2017, respectively, and $2,174 and $1,509 of costs allocated from RSL, RSI, and RSG during the six months ended September 30, 2018 and 2017, respectively. Also includes share-based compensation expense (see Note 8(D)).