XML 12 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenues $ 33,908 $ 8,192 $ 64,669 $ 8,192
Cost and operating expenses:        
Cost of product and license revenue 3,765 707 6,649 707
Research and development 36,149 92,106 75,768 132,316
Selling, general and administrative 28,968 30,186 58,293 56,743
Total cost and operating expenses 68,882 122,999 140,710 189,766
Loss from operations (34,974) (114,807) (76,041) (181,574)
Non-operating income:        
Gain from sale of priority review voucher 0 108,000 0 108,000
Investment income, net 4,671 3,962 9,765 8,327
Other expense, net (19) (10) (42) (20)
Total non-operating income, net 4,652 111,952 9,723 116,307
Loss before income taxes (30,322) (2,855) (66,318) (65,267)
Income tax expense 0 (1,552) 0 (1,552)
Net loss $ (30,322) $ (4,407) $ (66,318) $ (66,819)
Net loss per share - basic $ (0.29) $ (0.05) $ (0.64) $ (0.77)
Net loss per share - diluted $ (0.29) $ (0.05) $ (0.64) $ (0.77)
Weighted-average number of common shares used in net loss per share - basic 103,069,154 87,121,310 102,890,506 86,864,545
Weighted-average number of common shares used in net loss per share - diluted 103,069,154 87,121,310 102,890,506 86,864,545
Product revenue, net [Member]        
Revenue:        
Total revenues $ 33,562 $ 8,192 $ 64,065 $ 8,192
License revenue [Member]        
Revenue:        
Total revenues $ 346 $ 0 $ 604 $ 0