XML 21 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 28 $ 145
Operating expenses:    
Research and development (Includes $5 and $16 of net recoveries from a related party) 122 109
General and administrative 28 32
Impairment of long-lived assets 0 20
Total operating expenses 150 161
Loss from operations (122) (16)
Non-operating income (expense):    
Interest and other income, net 11 13
Interest expense (1) (1)
Total non-operating income, net 10 12
Loss before income taxes (112) (4)
Income tax expense 0 0
Net loss $ (112) $ (4)
Net loss per share, basic (in dollars per share) $ (1.14) $ (0.05)
Net loss per share, diluted (in dollars per share) $ (1.14) $ (0.05)
Shares used to compute loss per share, basic (in shares) 98.4 86.2
Shares used to compute loss per share, diluted (in shares) 98.4 86.2
License and Development Services Revenue    
Revenues:    
Total revenues $ 20 $ 135
Other Collaboration Revenue    
Revenues:    
Total revenues $ 8 $ 10