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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Revenue $ 188,411 $ 133,791 $ 318,935 $ 275,710
Expenses:        
Cost of sales 2,537 4,745 3,880 8,914
Research, development and patent 229,927 180,758 427,740 341,884
Selling, general and administrative 46,142 33,802 91,658 67,929
Total operating expenses 278,606 219,305 523,278 418,727
Loss from operations (90,195) (85,514) (204,343) (143,017)
Other income (expense):        
Investment income 20,792 3,403 39,419 5,396
Interest expense (2,291) (2,130) (3,899) (4,252)
Interest expense related to sale of future royalties (17,655) 0 (33,170) 0
Gain (loss) on investments 718 (6,337) 189 (12,963)
Other income (expense) 11,183 (12,297) 11,414 (12,110)
Loss before income tax expense (77,448) (102,875) (190,390) (166,946)
Income tax expense (7,842) (2,260) (19,223) (3,354)
Net loss $ (85,290) $ (105,135) $ (209,613) $ (170,300)
Basic net loss per share (in dollars per share) $ (0.6) $ (0.74) $ (1.47) $ (1.2)
Diluted net loss per share (in dollars per share) $ (0.6) $ (0.74) $ (1.47) $ (1.2)
Shares used in computing basic net loss per share (in shares) 143,098 141,794 142,918 141,697
Shares used in computing diluted net loss per share (in shares) 143,098 141,794 142,918 141,697
Commercial Revenue [Member]        
Revenue:        
Revenue $ 77,897 $ 78,184 $ 145,664 $ 150,468
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 61,012 59,627 111,258 113,444
Other Commercial Revenue [Member]        
Revenue:        
Revenue 16,885 18,557 34,406 37,024
Research and Development Revenue [Member]        
Revenue:        
Revenue 110,514 55,607 173,271 125,242
Collaborative Agreement Revenue [Member]        
Revenue:        
Revenue 91,013 38,247 129,347 88,032
Eplontersen Joint Development Revenue [Member]        
Revenue:        
Revenue $ 19,501 $ 17,360 $ 43,924 $ 37,210