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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
Revenues:      
Total collaboration and license revenues $ 382,882 $ 77,517 $ 15,000
Operating expenses:      
Research and development (($24,891), ($3,446) and $0 from a related party) 256,348 159,348 78,481
General and administrative 72,286 42,404 25,228
Total operating expenses 328,634 201,752 103,709
Income (Loss) from operations 54,248 (124,235) (88,709)
Non-operating income (expense):      
Interest and other income, net 657 1,377 5,201
Effective interest on liability for sale of future royalties (260)    
Gain on deemed sale from equity method investee   613  
Share of loss from equity method investee   (613) (1,202)
Total non-operating income, net 397 1,377 3,999
Income (loss) before income taxes 54,645 (122,858) (84,710)
Income Tax expense (1,815)    
Net Income (loss) 52,830 (122,858) (84,710)
Other comprehensive income (loss) (1,305) (20) 171
Comprehensive income (loss) $ 51,525 $ (122,878) $ (84,539)
Net income (loss) per share, basic $ 0.76 $ (2.24) $ (1.93)
Weighted-average common shares used to compute basic net income (loss) per share 69,345,490 54,787,118 43,825,991
Net income (loss) per share, diluted $ 0.71 $ (2.24) $ (1.93)
Weighted-average number of shares used to compute diluted net income (loss) per share 73,966,267 54,787,118 43,825,991
License Revenue      
Revenues:      
Total collaboration and license revenues $ 343,838 $ 55,096 $ 8,000
License and Development Services Revenue      
Revenues:      
Total collaboration and license revenues 1,135    
Other Collaboration Revenue      
Revenues:      
Total collaboration and license revenues $ 37,909 $ 22,421 $ 7,000