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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 113,425 $ 15,375 $ 246,447 $ 67,615
Cost and operating expenses:        
Cost of sales 2,155   3,690  
Research and development 47,570 59,181 149,267 154,885
Selling, general and administrative 37,744 33,623 114,116 74,064
Total cost and operating expenses 87,469 92,804 267,073 228,949
Income (loss) from operations 25,956 (77,429) (20,626) (161,334)
Interest income 7,383 1,539 14,775 2,183
Interest expense on term loan (2,539)   (5,857)  
Non-cash interest expense on liability related to the sale of future royalties and term loan (1,054) (867) (2,986) (3,194)
Other (expense) income, net (164) (998) (109) (1,576)
Net loss before income taxes 29,582 (77,755) (14,803) (163,921)
Income tax benefit (1,166)   (289)  
Net loss $ 30,748 $ (77,755) $ (14,514) $ (163,921)
Net income (loss) per common share - basic (Note B) $ 0.10 $ (0.31) $ (0.05) $ (0.65)
Net income (loss) per common share - diluted (Note B) $ 0.10 $ (0.31) $ (0.05) $ (0.65)
Basic weighted average common shares outstanding (in shares) 273,341 253,511 265,265 253,371
Diluted weighted average common shares outstanding (in shares) 287,590 253,511 265,265 253,371
License and milestone fees        
Revenues:        
Total revenues $ 51 $ 7,382 $ 15,122 $ 45,247
Non-cash royalty revenue related to the sale of future royalties        
Revenues:        
Total revenues 7,355 $ 7,993 17,936 21,537
Research and development support        
Revenues:        
Total revenues 855   1,310 $ 831
Product revenue, net        
Revenues:        
Total revenues $ 105,164   $ 212,079