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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Collaboration agreements $ 1,073 $ 30,249 $ 53,477 $ 35,927
Operating expenses:        
Research and development, net of tax credits 30,075 33,788 63,045 65,618
General and administrative 8,317 8,719 16,935 17,248
Total operating expenses 38,392 42,507 79,980 82,866
Loss from operations (37,319) (12,258) (26,503) (46,939)
Other income (expense), net        
Realized and unrealized gain (loss) on foreign exchange 6 (41) 37 (97)
Interest income 2,894 3,489 5,862 6,916
Other expense (29) (26) (53) (41)
Total other income, net 2,871 3,422 5,846 6,778
Loss before income taxes (34,448) (8,836) (20,657) (40,161)
Income tax expense (326) (3,110) (955) (6,726)
Net loss (34,774) (11,946) (21,612) (46,887)
Unrealized (loss) gain on available-for-sale marketable securities (21) (189) (162) 4
Total other comprehensive (loss) income (21) (189) (162) 4
Comprehensive loss $ (34,795) $ (12,135) $ (21,774) $ (46,883)
Net loss per share attributable to common shareholders--basic $ (0.82) $ (0.28) $ (0.51) $ (1.11)
Net loss per share attributable to common shareholders--diluted $ (0.82) $ (0.28) $ (0.51) $ (1.11)
Weighted-average common shares outstanding-basic 42,445,462 42,089,530 42,339,732 42,065,237
Weighted-average common shares outstanding-diluted 42,445,462 42,089,530 42,339,732 42,065,237