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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating expenses:      
Research and development $ 131,980 $ 215,673 $ 261,809
Research and development related success payments and contingent consideration 29,432 (8,881) (48,981)
General and administrative 44,296 64,040 73,299
Impairment of long-lived assets 44,611 1,891 7,014
Total operating expenses 250,319 272,723 293,141
Loss from operations (250,319) (272,723) (293,141)
Interest income, net 3,848 10,471 9,938
Other income (expense), net 2,305 (4,507) (52)
Net loss $ (244,166) $ (266,759) $ (283,255)
Net loss per common share - basic $ (0.96) $ (1.16) $ (1.46)
Net loss per common share - diluted $ (0.96) $ (1.16) $ (1.46)
Weighted-average number of common shares - basic 253,234 230,891 194,541
Weighted-average number of common shares - diluted 253,234 230,891 194,541