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Subsequent Events
9 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

The Company has evaluated subsequent events from the balance sheet date through February 11, 2022, the date at which the condensed consolidated financial statements were available to be issued.

GSK Collaboration

On January 18, 2022, GSK elected to exercise its option to extend the exclusive target discovery period of the ongoing collaboration with the Company for an additional year to July 2023. The Company will receive a one-time payment of $50.0 million to extend the period. In addition, the Company elected to take a royalty option on its joint immuno-oncology antibody collaboration program with GSK targeting CD96 (GSK6097608, a.k.a. GSK’608). GSK will be solely responsible for GSK’608’s subsequent development in later-stage clinical trials, including full development costs moving forward.