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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 258 $ 117 $ 112
Operating expenses:      
Research and development (Includes $39, $110 and $132 of net recoveries from a related party) 448 340 288
General and administrative (Includes ($2), $— and $1 of net recoveries from (payments to) a related party) 120 117 104
Impairment of long-lived assets (see Note 14, Leases) 20 0 0
Total operating expenses 588 457 392
Loss from operations (330) (340) (280)
Non-operating income (expense):      
Interest and other income, net 52 41 16
Interest expense (4) (2) (2)
Total non-operating income, net 48 39 14
Loss before income taxes (282) (301) (266)
Income tax expense (1) (6) (1)
Net loss $ (283) $ (307) $ (267)
Net loss per share, basic (in dollars per share) $ (3.14) $ (4.15) $ (3.71)
Net loss per share, diluted (in dollars per share) $ (3.14) $ (4.15) $ (3.71)
Shares used to compute net loss per share, basic (in shares) 90.1 74.0 72.0
Shares used to compute net loss per share, diluted (in shares) 90.1 74.0 72.0
License and Development Services Revenue      
Revenues:      
Total revenues $ 222 $ 80 $ 74
Other Collaboration Revenue      
Revenues:      
Total revenues $ 36 $ 37 $ 38