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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 48 $ 32 $ 232 $ 86
Operating expenses:        
Research and development (Includes $2, $22, $32 and $89 of net recoveries from a related party) 123 82 347 247
General and administrative 30 30 92 88
Impairment of long-lived assets 0 0 20 0
Total operating expenses 153 112 459 335
Loss from operations (105) (80) (227) (249)
Non-operating income (expense):        
Interest and other income, net 14 12 40 30
Interest expense (1) (1) (2) (2)
Total non-operating income, net 13 11 38 28
Loss before income taxes (92) (69) (189) (221)
Income tax expense 0 (2) 0 (5)
Net loss $ (92) $ (71) $ (189) $ (226)
Net loss per share, basic (in dollars per share) $ (1.00) $ (0.94) $ (2.11) $ (3.07)
Net loss per share, diluted (in dollars per share) $ (1.00) $ (0.94) $ (2.11) $ (3.07)
Shares used to compute loss per share, basic (in shares) 91.4 74.6 89.6 73.6
Shares used to compute loss per share, diluted (in shares) 91.4 74.6 89.6 73.6
License and Development Services Revenue        
Revenues:        
Total revenues $ 41 $ 22 $ 204 $ 58
Other Collaboration Revenue        
Revenues:        
Total revenues $ 7 $ 10 $ 28 $ 28