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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Collaboration revenue $ 22,354 $ 0
Total revenues 59,317 0 0
Research and development [1] 136,713 192,560 222,607
Selling, general and administrative [2] 181,423 82,327 42,219
Total operating costs and expenses 320,101 274,887 264,826
Loss from operations (260,784) (274,887) (264,826)
Interest expense [3] 10,401 12,663 8,821
Loss on extinguishment of debt 0 4,851 0
Interest income (211) (2,552) (881)
Foreign currency transaction (gain) loss (16,176) (1,621) 309
Loss before income taxes (254,798) (288,228) (273,075)
Income tax expense 336 761 476
Net loss $ (255,134) $ (288,989) $ (273,551)
Net loss per common share — basic and diluted (in USD per share) $ (2.83) $ (3.37) $ (4.09)
Weighted average common shares outstanding — basic and diluted (in shares) 90,036,459 85,839,303 66,910,060
Product revenue, net      
Revenues $ 3,630 $ 0 $ 0
Cost of product revenue      
Cost of revenue 301 0 0
Collaboration expense to Pfizer      
Cost of revenue 1,664 0 0
License and Service      
Revenues 33,333 0 $ 0
Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd.      
Loss on extinguishment of debt   4,900  
Sumitomo Dainippon Pharma, Co., Ltd. and Sunovion Pharmaceuticals Inc. | Majority Shareholder      
Research and development 58    
Selling, general and administrative 5,330    
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd.      
Interest expense $ 9,766 $ 1,441  
[1] Includes $58 of expense (inclusive of third-party pass-through costs) for the year ended March 31, 2021 to related parties (see Note 6).
[2] Includes $5,330 of expense (inclusive of third-party pass-through costs) for the year ended March 31, 2021 to related parties (see Note 6).
[3] Includes $9,766 and $1,441 of interest expense under the Sumitomo Dainippon Pharma Loan Agreement for the years ended March 31, 2021 and 2020. (see Note 6(A)).