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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues   $ 16,146
Costs and operating expenses:    
Cost of revenues   475
Research and development $ 17,044 13,029
General and administrative 5,870 8,247
Total costs and operating expenses 22,914 21,751
Loss from operations (22,914) (5,605)
Other income, net:    
Interest and investment income 1,241 1,550
Sublease income 515 799
Total other income, net 1,756 2,349
Net loss $ (21,158) $ (3,256)
Net loss per common share - basic $ (0.35) $ (0.06)
Net loss per common share - diluted $ (0.35) $ (0.06)
Weighted average shares of common stock outstanding - basic 61,048,948 51,289,284
Weighted average shares of common stock outstanding - diluted 61,048,948 51,289,284
Other comprehensive loss:    
Net unrealized loss on marketable debt securities $ (121) $ (123)
Other comprehensive loss (121) (123)
Comprehensive loss $ (21,279) (3,379)
Royalty Revenues    
Revenues   8,146
Sale of Royalty Rights    
Revenues   $ 8,000