XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Collaboration revenue $ 1,379 $ 0 $ 1,379 $ 0
License and milestone revenue 0 0 33,333 0
Total revenues 1,379 0 34,712 0
Operating expenses:        
Research and development 30,453 48,927 115,160 150,847
Selling, general and administrative 49,243 29,142 103,387 59,897
Total operating expenses 79,696 78,069 218,547 210,744
Loss from operations (78,317) (78,069) (183,835) (210,744)
Interest expense [1] 2,609 3,657 6,908 11,238
Loss on extinguishment of debt 0 4,851 0 4,851
Interest income (32) (597) (178) (2,305)
Other income, net (5,891) (567) (16,178) (1,151)
Loss before income taxes (75,003) (85,413) (174,387) (223,377)
Income tax (benefit) expense (1,154) 191 (616) 699
Net loss $ (73,849) $ (85,604) $ (173,771) $ (224,076)
Net loss per common share — basic and diluted (in USD per share) $ (0.82) $ (0.96) $ (1.94) $ (2.64)
Weighted average common shares outstanding — basic and diluted (in shares) 90,096,557 88,893,579 89,715,160 84,750,114
Revenue, Product and Service [Extensible List] us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember
Selling, general and administrative $ 49,243 $ 29,142 $ 103,387 $ 59,897
Interest expense [1] 2,609 3,657 6,908 11,238
Sumitomo Dainippon Pharma, Co., Ltd. and Sunovion Pharmaceuticals Inc. | Majority Shareholder        
Operating expenses:        
Selling, general and administrative 1,671   3,076  
Selling, general and administrative 1,671   3,076  
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd.        
Operating expenses:        
Interest expense 2,569 16 6,868 16
Interest expense $ 2,569 $ 16 $ 6,868 $ 16
[1] Includes $2,569 and $6,868 of interest expense from related-party long-term debt with Sumitomo Dainippon Pharma for the three and nine months ended December 31, 2020, respectively, and $16 for both the three and nine months ended December 31, 2019. (see Note 5(A)).