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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Comprehensive Income [Abstract]      
Collaboration revenue - related party $ 0 $ 38,592 $ 15,360
License-related revenue 2,687 87,570 0
Total revenue 2,687 126,162 15,360
Operating expenses:      
Research and development 53,572 41,018 52,118
General and administrative 25,128 23,558 20,608
Total operating expenses 78,700 64,576 72,726
Income (loss) from operations (76,013) 61,586 (57,366)
Interest expense (2,546) (2,855) (145)
Other income (expense), net 74 606 2,722
Net income (loss) $ (78,485) $ 59,337 $ (54,789)
Net income (loss) per share - basic (in dollars per share) $ (1.77) $ 1.67 $ (1.97)
Weighted average commons shares outstanding—basic (shares) 44,243,317 35,545,121 27,854,912
Net income (loss) per share - diluted (in dollars per share) $ (1.77) $ 1.57 $ (1.97)
Weighted average common shares outstanding—diluted (shares) 44,243,317 38,141,793 27,854,912
Comprehensive income (loss):      
Net income (loss) $ (78,485) $ 59,337 $ (54,789)
Other comprehensive income (loss):      
Unrealized gain (loss) on marketable securities, net of tax (221) (103) 222
Comprehensive income (loss) $ (78,706) $ 59,234 $ (54,567)