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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating expenses:        
Research and development $ 175,977 $ 29,052 $ 216,980 $ 104,631
General and administrative 23,235 9,064 36,697 16,921
Total operating expenses 199,212 38,116 253,677 121,552
Loss from operations (199,212) (38,116) (253,677) (121,552)
Other income (expense):        
Non-cash interest expense on mandatorily redeemable preferred shares (3,955) 0 (3,955) 0
Non-cash interest expense on liability related to sale of future royalties (5,151) (501) (11,964) (501)
Change in fair value of warrant liability 0 0 0 (1,182)
Change in fair value of derivative liability (1,263) 0 (1,263) 0
Loss from equity method investment (1,415) (641) (2,315) (1,369)
Other (16) 14 (33) (15)
Total other expense, net (11,800) (1,128) (19,530) (3,067)
Loss before provision for income taxes (211,012) (39,244) (273,207) (124,619)
Provision for income taxes 58 25 167 112
Net loss and comprehensive loss $ (211,070) $ (39,269) $ (273,374) $ (124,731)
Net loss per share - basic and diluted (in dollars per share) $ (4.67) $ (1.01) $ (6.11) $ (3.29)
Weighted average common shares outstanding - basic and diluted (shares) 45,226,434 38,942,545 44,736,971 37,873,755