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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Collaboration revenue $ 72,649 $ 16,319 $ 107,249 $ 20,974
Operating expenses:        
Research and development 40,477 29,002 81,617 50,442
General and administrative 11,921 8,601 22,738 16,060
Change in fair value of contingent consideration 4,242 15,347 (39,737) 5,895
Total operating expenses 56,640 52,950 64,618 72,397
Income (loss) from operations 16,009 (36,631) 42,631 (51,423)
Other income, net 154 343 308 853
Income (loss) before income taxes 16,163 (36,288) 42,939 (50,570)
Income tax benefits 981 0 727 0
Net income (loss) $ 17,144 $ (36,288) $ 43,666 $ (50,570)
Net income (loss) per share—basic $ 0.23 $ (0.58) $ 0.58 $ (0.83)
Weighted average common shares outstanding—basic 75,254,186 62,282,291 75,222,119 61,145,254
Net income (loss) per share—diluted $ 0.21 $ (0.58) $ 0.55 $ (0.83)
Weighted average common shares outstanding—diluted 80,026,488 62,282,291 79,994,422 61,145,254