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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Collaboration revenue - related party $ 0 $ 0 $ 38,592
License-related revenue 30,000 2,687 87,570
Total revenue 30,000 2,687 126,162
Operating expenses:      
Research and development 67,003 53,572 41,018
General and administrative 24,866 25,128 23,558
Total operating expenses 91,869 78,700 64,576
Income (loss) from operations (61,869) (76,013) 61,586
Interest expense (3,146) (2,546) (2,855)
Other income, net 1,429 74 606
Net income (loss) $ (63,586) $ (78,485) $ 59,337
Net income (loss) per share - basic (in dollars per share) $ (1.14) $ (1.77) $ 1.67
Weighted average commons shares outstanding—basic (shares) 55,761,386 44,243,317 35,545,121
Net income (loss) per share - diluted (in dollars per share) $ (1.14) $ (1.77) $ 1.57
Weighted average common shares outstanding—diluted (shares) 55,761,386 44,243,317 38,141,793
Comprehensive income (loss):      
Net income (loss) $ (63,586) $ (78,485) $ 59,337
Other comprehensive loss:      
Unrealized loss on marketable securities, net of tax (794) (221) (103)
Comprehensive income (loss) $ (64,380) $ (78,706) $ 59,234