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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
License and collaboration revenue $ 152,522  
Total revenue 152,522  
Operating expenses:    
Research and development expenses 21,096 $ 11,643
General and administrative expenses 10,615 7,046
Total operating expenses 31,711 18,689
Income (loss) from operations 120,811 (18,689)
Other income and expenses:    
Grant income 491 4,915
Research and development tax credits 254  
Other (expense) income, net (2,023) 240
Income (loss) before income taxes 119,533 (13,534)
Income tax expense (49,951)  
Net income (loss) $ 69,582 $ (13,534)
Basic net income (loss) per common share $ 1.96 $ (0.39)
Diluted net income (loss) per common share $ 1.82 $ (0.39)
Weighted-average common shares outstanding - basic 35,493,272 35,086,662
Weighted-average common shares outstanding - diluted 38,135,957 35,086,662
Net income (loss) $ 69,582 $ (13,534)
Foreign currency translation adjustments (550) (305)
Comprehensive income (loss) $ 69,032 $ (13,839)