XML 36 R26.htm IDEA: XBRL DOCUMENT v3.23.1
License, Collaboration, and Success Payment Agreements - Narrative (Details)
1 Months Ended 3 Months Ended
Oct. 01, 2022
USD ($)
Jun. 30, 2020
USD ($)
$ / shares
shares
May 31, 2019
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Oct. 31, 2020
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
$ / shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Research and development expense       $ 44,630,000 $ 35,830,000          
Impairment of other investments       10,000,000 0          
Settled Litigation                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Ownership of fully diluted shares (as a percent) 80.00%                  
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
Fred Hutch | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement                    
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       300,000 500,000          
Aggregate success payment(s) (in millions)       0            
Term of success payment agreement                   9 years
Trigger period from IPO date                   1 year
Trigger period thereafter                   2 years
Success payment expense (gain)       (1,100,000) (2,800,000)          
Fair value of potential success payments due       1,400,000     $ 2,500,000      
Fred Hutch | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Minimum                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Multiple of initial equity value at issuance                   10
Aggregate success payment(s) (in millions)                   $ 10,000,000
Per share common stock price required for payment (in dollars per share) | $ / shares                   $ 18.29
Fred Hutch | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Maximum                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Multiple of initial equity value at issuance                   50
Aggregate success payment(s) (in millions)                   $ 200,000,000
Per share common stock price required for payment (in dollars per share) | $ / shares                   $ 91.44
Stanford | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement                    
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       800,000 800,000          
Aggregate success payment(s) (in millions)       0            
Term of success payment agreement               9 years    
Trigger period from IPO date               1 year    
Trigger period thereafter               2 years    
Success payment liability       1,200,000     1,900,000      
Success payment expense (gain)       (600,000) (1,000,000)          
Fair value of potential success payments due       2,000,000     3,300,000      
Stanford | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | License                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Potential milestone payments due                 2,500,000  
Stanford | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Minimum                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Multiple of initial equity value at issuance               10    
Aggregate success payment(s) (in millions)               $ 10,000,000    
Per share common stock price required for payment (in dollars per share) | $ / shares               $ 18.29    
Stanford | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Maximum                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Multiple of initial equity value at issuance               50    
Aggregate success payment(s) (in millions)               $ 200,000,000    
Per share common stock price required for payment (in dollars per share) | $ / shares               $ 91.44    
Stanford | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Maximum | License                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Potential milestone payments due                 $ 3,700,000  
GSK | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Contract liabilities       0     0      
Revenue recognized       0 $ 600,000          
GSK | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | License                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Contract liabilities     $ 45,000,000 0     0      
Stock purchase agreement portion of transaction price     58,600,000              
Transaction price     $ 103,600,000              
Contract assets       $ 0     $ 0      
GSK | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | License | Series AA Convertible Preferred Stock                    
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              
PACT                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Gain on other investments $ 2,900,000                  
PACT | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement                    
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                
Total upfront payment paid   63,600,000                
PACT | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | Other Investment                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Strategic equity investment   $ 36,400,000