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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues     $ 16,146  
Costs and operating expenses:        
Cost of revenues     475  
Research and development $ 17,741 $ 14,687 44,723 $ 37,979
General and administrative 6,013 10,667 20,339 26,450
Total costs and operating expenses 23,754 25,354 65,537 64,429
Loss from operations (23,754) (25,354) (49,391) (64,429)
Other income, net:        
Interest and investment income 1,846 1,707 5,419 5,036
Sublease income 705 598 2,212 1,200
Total other income, net 2,551 2,305 7,631 6,236
Net loss $ (21,203) $ (23,049) $ (41,760) $ (58,193)
Net loss per common share - basic $ (0.35) $ (0.56) $ (0.73) $ (1.52)
Net loss per common share - diluted $ (0.35) $ (0.56) $ (0.73) $ (1.52)
Weighted average shares of common stock outstanding - basic 60,715,041 41,331,806 57,511,997 38,379,401
Weighted average shares of common stock outstanding - diluted 60,715,041 41,331,806 57,511,997 38,379,401
Other comprehensive income (loss):        
Net unrealized gain (loss) on marketable debt securities $ 453 $ (20) $ 288 $ (105)
Other comprehensive income (loss) 453 (20) 288 (105)
Comprehensive loss $ (20,750) $ (23,069) (41,472) $ (58,298)
Royalty Revenues        
Revenues     8,146  
Sale of Royalty Rights        
Revenues     $ 8,000