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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
License and collaboration revenue $ 267,630 $ 344,775
Total revenue 267,630 344,775
Operating expenses:    
Research and development expenses 97,359 59,369
General and administrative expenses 43,947 40,505
Total operating expenses 141,306 99,874
Income from operations 126,324 244,901
Other income:    
Grant income 2,091 10,181
Research and development tax credits 1,172 0
Interest income 11,361 78
Other income, net 7,788 1,304
Income before income tax expense 148,736 256,464
Income tax expense 52,084 41,943
Net income 96,652 214,521
Net income attributable to common stockholders $ 96,652 $ 214,521
Basic net income per common share $ 2.72 $ 6.10
Diluted net income per common share $ 2.56 $ 5.68
Weighted-average shares used to compute net income per share, basic 35,552,025 35,181,383
Weighted-average common shares outstanding - diluted 37,766,507 37,774,790
Net income $ 96,652 $ 214,521
Foreign currency translation adjustments (8,478) (1,635)
Unrealized loss related to available-for-sale debt securities (148)  
Comprehensive income $ 88,026 $ 212,886