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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 1,435 $ 0 $ 1,435 $ 0
Cost of revenue 1,347   1,347  
Gross Profit 88 0 88 0
Operating expenses:        
Research and development 29,247 18,590 42,089 37,377
Acquired in-process research and development 425,070 0 425,070 0
Selling, general and administrative 16,156 7,541 23,513 15,275
Total operating expenses 470,473 26,131 490,672  
Loss from operations (470,385) (26,131) (490,584) (52,652)
Other income (expense):        
Interest income 7,144 6,086 14,274 11,065
Interest expense (132) 0 (132) 0
Investment advisory fees (247) (231) (512) (461)
Change in fair value of warrant liability 1,135 (265) (324) (123)
Realized loss on marketable securities (7) (99) (6) (195)
Total other income (expense), net 7,893 5,491 13,300 10,286
Loss before income taxes (462,492) (20,640) (477,284) (42,366)
Provision for income taxes 0 0 0 0
Net loss $ (462,492) $ (20,640) $ (477,284) $ (42,366)
Net loss per share attributable to common stockholders, basic $ (1.89) $ (0.09) $ (2.06) $ (0.19)
Net loss per share attributable to common stockholders, diluted $ (1.89) $ (0.09) $ (2.06) $ (0.19)
Weighted average common shares outstanding, basic 244,738 218,848 231,893 218,795
Weighted average common shares outstanding, diluted 244,738 218,848 231,893 218,795
Comprehensive loss:        
Net loss $ (462,492) $ (20,640) $ (477,284) $ (42,366)
Other comprehensive loss, net of taxes:        
Currency translation adjustment 148 0 148 0
Change in unrealized (loss) gain on available-for-sale securities (245) (1,457) (1,595) 1,131
Comprehensive loss $ (462,589) $ (22,097) $ (478,731) $ (41,235)