XML 68 R40.htm IDEA: XBRL DOCUMENT v3.22.1
Collaboration, License and Success Payment Agreements - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
$ / shares
shares
May 31, 2019
$ / shares
shares
Dec. 31, 2021
USD ($)
performance_obligation
Jun. 30, 2020
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
performance_obligation
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
collaboration_target
payment
representative
Apr. 30, 2021
USD ($)
Oct. 31, 2020
USD ($)
$ / shares
Dec. 31, 2018
USD ($)
$ / shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Research and development expense             $ 138,693,000 $ 182,243,000 $ 63,595,000      
Impairment of other investments             36,447,000 0 0      
PACT                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Impairment of other investments         $ 36,400,000              
Series A Convertible Preferred Stock                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Convertible preferred stock, par value (in dollars per share) | $ / shares                     $ 1.83 $ 1.83
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Fred Hutch                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Annual license maintenance payments                       $ 50,000
Aggregate research payments due                       $ 12,000,000
Term of collaborative arrangement for research                       6 years
Research and development expense             4,200,000 4,100,000 3,700,000      
Term of success payment agreement                       9 years
Trigger period from IPO date                       1 year
Trigger period thereafter                       2 years
Fair value of potential success payments due   $ 8,000,000     8,500,000   8,500,000 8,000,000        
Success payment liability   5,200,000     6,400,000   6,400,000 5,200,000        
Success payment expenses             1,200,000 4,800,000 400,000      
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Fred Hutch | Minimum                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Multiple of initial equity value at issuance                       10
Potential aggregate success payments                       $ 10,000,000
Per share common stock price required for payment (in dollars per share) | $ / shares                       $ 18.29
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Fred Hutch | Maximum                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Multiple of initial equity value at issuance                       50
Potential aggregate success payments                       $ 200,000,000
Per share common stock price required for payment (in dollars per share) | $ / shares                       $ 91.44
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Stanford                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Annual license maintenance payments                 50,000      
Aggregate research payments due                     $ 12,000,000  
Term of collaborative arrangement for research                     4 years  
Research and development expense             3,000,000 800,000        
Term of success payment agreement                     9 years  
Trigger period from IPO date                     1 year  
Trigger period thereafter                     2 years  
Fair value of potential success payments due   8,900,000     9,900,000   9,900,000 8,900,000        
Success payment liability   600,000     3,100,000   3,100,000 600,000        
Success payment expenses             2,500,000 600,000        
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Stanford | License                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Commercial milestone payments due                 2,500,000      
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Stanford | Minimum                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Multiple of initial equity value at issuance                     10  
Potential aggregate success payments                     $ 10,000,000  
Per share common stock price required for payment (in dollars per share) | $ / shares                     $ 18.29  
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Stanford | Maximum                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Multiple of initial equity value at issuance                     50  
Potential aggregate success payments                     $ 200,000,000  
Per share common stock price required for payment (in dollars per share) | $ / shares                     $ 91.44  
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Stanford | Maximum | License                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Potential milestone payments due                 3,700,000      
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | GSK                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Contract liabilities   95,161,000     84,653,000   84,653,000 95,161,000        
Revenue             10,500,000 7,800,000 $ 700,000      
Revenue recognized during the period previously recorded in deferred revenue             10,508,000          
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | GSK | License                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Number of initial collaboration targets | collaboration_target                 2      
Number of additional collaboration targets | collaboration_target                 7      
Number of representatives of JSC appointed by company | representative                 3      
Contract liabilities   45,000,000     $ 0   $ 0 45,000,000 $ 45,000,000      
Revenue, Remaining Performance Obligation, Variable Consideration Amount, Number Of One-Time Payments | payment                 2      
Stock Purchase Agreement portion of transaction price   58,600,000           58,600,000        
Transaction price   103,600,000           103,600,000        
Number of performance obligations | performance_obligation         2   2          
Revenue             $ 0          
Contract assets         $ 0   0          
Capitalized contract costs         $ 0   0          
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | GSK | Series AA Convertible Preferred Stock | License                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Stock sold under Stock Purchase Program (in shares) | shares       30,253,189                
Price per share of stock sold under Stock Purchase Program (in dollars per share) | $ / shares       $ 6.78                
Fair value per share of stock sold under Stock Purchase Program (in dollars per share) | $ / shares       $ 4.84                
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | GSK | Maximum | License                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Potential milestone payments, within pipeline                 $ 400,000,000      
Potential milestone payments, not within pipeline                 900,000,000      
Potential milestone payments, technology validation                 $ 200,000,000      
Variable consideration amount                   $ 400,000,000    
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | PACT                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Upfront payment     $ 50,000,000                  
Stock purchase agreement, stock purchased (in shares) | shares     17,806,901                  
Stock purchase agreement, purchase price per share (in dollars per share) | $ / shares     $ 2.81                  
Stock purchase agreement, fair value per share (in dollars per share) | $ / shares           $ 2.05            
Additional purchase price consideration     $ 13,600,000     $ 13,600,000            
Total upfront payment paid     63,600,000     63,600,000            
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | PACT | Other Investment                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Strategic equity investment     $ 36,400,000     $ 36,400,000            
Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | NCI                        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                        
Research and development expense   100,000                    
Upfront payment $ 25,000                      
Maintenance fees             $ 75,000 3,100        
Maximum aggregate development milestone payments $ 75,000 3,100,000           3,100,000        
Maximum aggregate commercial milestone payments   $ 12,000,000           $ 12,000,000