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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
License and milestone revenue $ 0 $ 0 $ 33,333 $ 0
Operating expenses:        
Research and development 40,521 50,803 84,707 101,920
General and administrative [1] 31,316 16,603 54,144 30,755
Total operating expenses 71,837 67,406 138,851 132,675
Loss from operations (71,837) (67,406) (105,518) (132,675)
Interest expense 0 3,788 0 7,581
Interest expense (related party) 2,115 0 4,299 0
Interest income (38) (942) (146) (1,708)
Other (income) expense, net (6,718) 121 (10,287) (584)
Loss before income taxes (67,196) (70,373) (99,384) (137,964)
Income tax (benefit) expense (134) 195 538 508
Net loss $ (67,062) $ (70,568) $ (99,922) $ (138,472)
Net loss per common share — basic and diluted (in USD per share) $ (0.75) $ (0.79) $ (1.12) $ (1.68)
Weighted average common shares outstanding — basic and diluted (in shares) 89,744,142 88,798,398 89,523,389 82,667,061
Revenue, Product and Service [Extensible List] us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember
General and administrative [1] $ 31,316 $ 16,603 $ 54,144 $ 30,755
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder        
Operating expenses:        
General and administrative 1,291   1,405  
General and administrative $ 1,291   $ 1,405  
[1] Includes $1,291 and $1,405 of expense (inclusive of third-party pass through costs) for the three and six months ended September 30, 2020, respectively, pursuant to the terms of the Company’s agreements with Sumitovant Biopharma Ltd. and Sunovion Pharmaceuticals Inc. (see Note 5).