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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Collaboration revenue $ 80,000 $ 880 $ 80,000 $ 1,175
Operating expenses:        
Research and development 17,261 17,849 37,034 34,564
General and administrative 10,247 10,323 20,308 21,843
Total operating expenses 27,508 28,172 57,342 56,407
Income (loss) from operations 52,492 (27,292) 22,658 (55,232)
Other income, net 2,917 3,509 5,881 6,670
Net income (loss) $ 55,409 $ (23,783) $ 28,539 $ (48,562)
Net income (loss) per share, basic $ 0.89 $ (0.38) $ 0.46 $ (0.8)
Net income (loss) per share, diluted $ 0.87 $ (0.38) $ 0.45 $ (0.8)
Weighted-average common shares outstanding, basic 62,205 61,794 62,095 60,764
Weighted-average common shares outstanding, diluted 63,587 61,794 63,684 60,764
Comprehensive income (loss):        
Net Income (Loss) $ 55,409 $ (23,783) $ 28,539 $ (48,562)
Other comprehensive gain (loss):        
Unrealized gain (loss) on marketable securities 68 (549) (230) (403)
Total other comprehensive gain (loss) 68 (549) (230) (403)
Comprehensive income (loss) $ 55,477 $ (24,332) $ 28,309 $ (48,965)