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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 112 $ 383 $ 78
Operating expenses:      
Research and development (Net of recoveries of $132, $25 and $3 from a related party) 288 257 159
General and administrative (Net of recoveries of $1, $ - and $ - from a related party) 104 72 43
Total operating expenses 392 329 202
Income (loss) from operations (280) 54 (124)
Non-operating income (expense):      
Interest and other income, net 16 1 1
Effective interest on liability for sale of future royalties (2)    
Total non-operating income, net 14 1 1
Income (loss) before income taxes (266) 55 (123)
Income tax expense (1) (2)  
Net income (loss) $ (267) $ 53 $ (123)
Net income (loss) per share, basic $ (3.71) $ 0.76 $ (2.24)
Net income (loss) per share, diluted $ (3.71) $ 0.71 $ (2.24)
Shares used to compute net income (loss) per share, basic 72.0 69.3 54.8
Shares used to compute net income (loss) per share, diluted 72.0 74.0 54.8
License and Development Services Revenue      
Revenues:      
Total revenues $ 74 $ 345 $ 55
Other Collaboration Revenue      
Revenues:      
Total revenues $ 38 $ 38 $ 23