XML 20 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 145 $ 25
Operating expenses:    
Research and development (Net of recoveries of $16 and $33 from a related party) 109 81
General and administrative 32 30
Impairment of long-lived assets 20 0
Total operating expenses 161 111
Loss from operations (16) (86)
Non-operating income (expense):    
Interest and other income, net 13 9
Effective interest on liability for sale of future royalties (1) (1)
Total non-operating income, net 12 8
Loss before income taxes (4) (78)
Income tax expense 0 (2)
Net loss $ (4) $ (80)
Net loss per share, basic (in dollars per share) $ (0.05) $ (1.09)
Net loss per share, diluted (in dollars per share) $ (0.05) $ (1.09)
Shares used to compute loss per share, basic (in shares) 86.2 73.0
Shares used to compute loss per share, diluted (in shares) 86.2 73.0
License and Development Services Revenue    
Revenues:    
Total revenues $ 135 $ 17
Other Collaboration Revenue    
Revenues:    
Total revenues $ 10 $ 8