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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 108,782 $ 69,856 $ 132,299
Cost and operating expenses:      
Cost of sales 176    
Research and development 213,370 151,117 114,592
Selling, general and administrative 116,129 43,812 38,600
Restructuring charge     1,487
Total cost and operating expenses 329,675 194,929 154,679
Loss from operations (220,893) (125,073) (22,380)
Investment income, net 4,341 51 729
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (4,165) (13,103) (23,107)
Interest expense on convertible senior notes   (47) (95)
Other (expense) income, net (994) (1,131) 481
Net loss before income taxes (221,711) (139,303) (44,372)
Income tax expense 1,218 0 0
Net loss $ (222,929) $ (139,303) $ (44,372)
Basic net loss per common share $ (0.88) $ (0.68) $ (0.25)
Diluted net loss per common share $ (0.88) $ (0.68) $ (0.25)
Basic weighted average common shares outstanding (in shares) 253,631 206,147 176,153
Diluted weighted average common shares outstanding (in shares) 253,631 206,147 176,153
Total comprehensive loss $ (222,929) $ (139,303) $ (44,372)
License and milestone fees      
Revenues:      
Total revenues 76,027 22,650 63,742
Non-cash royalty revenue related to the sale of future royalties      
Revenues:      
Total revenues 29,261 46,808 68,529
Research and development support      
Revenues:      
Total revenues 940 $ 398 $ 28
Product revenue, net      
Revenues:      
Total revenues $ 2,554