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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 215,079 $ 92,933 $ 533,931 $ 136,756
Operating expenses:        
Cost of sales 35,741 17,339 62,083 30,201
Research and development 218,480 77,428 337,579 184,539
Selling, general and administrative 250,455 170,057 477,698 329,580
Total operating expenses 504,676 264,824 877,360 544,320
Loss from operations (289,597) (171,891) (343,429) (407,564)
Other income (expense):        
Interest expense (17,114) (7,836) (34,330) (15,567)
Interest expense on mandatorily redeemable preferred shares (8,077) (8,042) (15,994) (15,985)
Interest expense on liability related to sale of future royalties (18,045) (14,499) (35,359) (28,007)
Change in fair value of derivatives (111,197) (1,490) (107,593) (1,700)
Gain from equity method investment 0 0 0 5,261
Other income (expense), net 2,229 (3,051) 2,310 (4,751)
Total other expense, net (152,204) (34,918) (190,966) (60,749)
Loss before provision for income taxes (441,801) (206,809) (534,395) (468,313)
Provision for income taxes 84 4,350 24,387 8,174
Net loss (441,885) (211,159) (558,782) (476,487)
Net loss attributable to non-controlling interests 498 540 996 900
Deemed dividend upon repurchase of preferred shares in consolidated subsidiary 0 0 (92,673) 0
Net loss attributable to common shareholders of Biohaven Pharmaceutical Holding Company Ltd. $ (441,387) $ (210,619) $ (650,459) $ (475,587)
Net loss per share attributable to Biohaven Pharmaceutical Holding Company Ltd - basic (in dollars per share) $ (6.21) $ (3.23) $ (9.20) $ (7.48)
Net loss per share attributable to Biohaven Pharmaceutical Holding Company Ltd - diluted (in dollars per share) $ (6.21) $ (3.23) $ (9.20) $ (7.48)
Weighted average common shares outstanding - basic (shares) 71,043,693 65,112,179 70,689,949 63,584,932
Weighted average common shares outstanding - diluted (shares) 71,043,693 65,112,179 70,689,949 63,584,932
Comprehensive loss:        
Net loss $ (441,885) $ (211,159) $ (558,782) $ (476,487)
Other comprehensive loss, net of tax (3,413) (129) (5,738) (34)
Comprehensive loss (445,298) (211,288) (564,520) (476,521)
Less: comprehensive loss attributable to non-controlling interests 498 540 996 900
Comprehensive loss attributable to Biohaven Pharmaceutical Holding Company Ltd. (444,800) (210,748) (563,524) (475,621)
Product revenue, net        
Revenues:        
Total revenues 193,954 92,933 317,544 136,756
Collaboration and other revenue        
Revenues:        
Total revenues $ 21,125 $ 0 $ 216,387 $ 0