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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Revenues $ 39,227 $ 20,876
Operating expenses:    
Research and development 29,413 30,744
General and administrative 4,641 5,067
Total operating expenses 34,054 35,811
Operating income (loss) 5,173 (14,935)
Other income (expense):    
Interest income 551 437
Non-cash interest expense related to sale of future royalties (505) (997)
Other expense, net (11) (1)
Income (loss) before income taxes 5,208 (15,496)
Provision for income taxes 29 95
Net income (loss) $ 5,179 $ (15,591)
Net income (loss) per share:    
Basic (in dollars per share) $ 0.02 $ (0.07)
Diluted (in dollars per share) $ 0.02 $ (0.07)
Basic (in shares) 240,649,773 227,923,636
Diluted (in shares) 242,184,524 227,923,636
Comprehensive income (loss):    
Net income (loss) $ 5,179 $ (15,591)
Unrealized loss on available-for-sale investments, net of tax (4) (11)
Comprehensive income (loss) 5,175 (15,602)
Non Cash Royalty Revenue [Member]    
Revenue:    
Revenues 42 1,579
Government Contract [Member]    
Revenue:    
Revenues 36,370 19,297
Collaboration Revenue [Member]    
Revenue:    
Revenues $ 2,815 $ 0