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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating expenses:        
Research and development $ 61,674 $ 47,362 $ 278,654 $ 151,993
General and administrative 28,782 7,574 65,479 24,495
Total operating expenses 90,456 54,936 344,133 176,488
Loss from operations (90,456) (54,936) (344,133) (176,488)
Other income (expense):        
Non-cash interest expense on mandatorily redeemable preferred shares (4,378) 0 (8,333) 0
Non-cash interest expense on liability related to sale of future royalties (7,308) (5,633) (19,272) (6,134)
Change in fair value of warrant liability 0 0 0 (1,182)
Change in fair value of derivative liability (1,717) 0 (2,980) 0
Loss from equity method investment (1,993) (697) (4,308) (2,066)
Other 8 (14) (25) (29)
Total other expense, net (15,388) (6,344) (34,918) (9,411)
Loss before provision for income taxes (105,844) (61,280) (379,051) (185,899)
Provision for income taxes 323 161 490 273
Net loss and comprehensive loss $ (106,167) $ (61,441) $ (379,541) $ (186,172)
Net loss per share - basic and diluted (in dollars per share) $ (2.04) $ (1.53) $ (8.04) $ (4.82)
Weighted average common shares outstanding - basic and diluted (shares) 52,077,240 40,147,735 47,210,615 38,636,072