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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
License and collaboration revenue $ 41,716   $ 194,238  
Total revenue 41,716   194,238  
Operating expenses:        
Research and development expenses 26,910 $ 14,238 48,006 $ 25,881
General and administrative expenses 11,471 15,101 22,086 22,147
Total operating expenses 38,381 29,339 70,092 48,028
Income (loss) from operations 3,335 (29,339) 124,146 (48,028)
Other income and expenses:        
Grant income 147 2,701 638 7,616
Research and development tax credits 292 119 546 119
Other (expense) income, net 4,669 60 2,646 300
Income (loss) before income taxes 8,443 (26,459) 127,976 (39,993)
Income tax expense (2,817)   (52,768)  
Net income (loss) $ 5,626 $ (26,459) $ 75,208 $ (39,993)
Basic net income (loss) per common share $ 0.16 $ (0.75) $ 2.12 $ (1.14)
Diluted net income (loss) per common share $ 0.15 $ (0.75) $ 1.98 $ (1.14)
Weighted-average common shares outstanding - basic 35,546,605 35,119,952 35,520,086 35,103,294
Weighted-average common shares outstanding - diluted 37,635,828 35,119,952 37,931,692 35,103,294
Net income (loss) $ 5,626 $ (26,459) $ 75,208 $ (39,993)
Foreign currency translation adjustments (741) (74) (1,291) (379)
Comprehensive income (loss) $ 4,885 $ (26,533) $ 73,917 $ (40,372)