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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Revenue $ 144,207 $ 159,767 $ 463,142 $ 435,478
Expenses:        
Cost of sales 2,191 1,515 6,071 10,430
Research, development and patent 215,330 182,990 643,070 524,875
Selling, general and administrative 69,951 34,416 161,608 102,345
Total operating expenses 287,472 218,921 810,749 637,650
Loss from operations (143,265) (59,154) (347,607) (202,172)
Other income (expense):        
Investment income 23,935 7,524 63,355 13,447
Interest expense (4,203) (2,139) (8,102) (6,391)
Interest expense related to sale of future royalties (17,779) 0 (50,948) 0
Gain (loss) on investments (1,943) 2,347 (1,753) (10,616)
Other income (expense) 2,447 4,713 13,857 (7,923)
Loss before income tax expense (140,808) (46,709) (331,198) (213,655)
Income tax expense (6,602) (283) (25,825) (3,637)
Net loss $ (147,410) $ (46,992) $ (357,023) $ (217,292)
Basic net loss per share (in dollars per share) $ (1.03) $ (0.33) $ (2.5) $ (1.53)
Diluted net loss per share (in dollars per share) $ (1.03) $ (0.33) $ (2.5) $ (1.53)
Shares used in computing basic net loss per share (in shares) 143,317 141,950 143,052 141,782
Shares used in computing diluted net loss per share (in shares) 143,317 141,950 143,052 141,782
Commercial Revenue [Member]        
Revenue:        
Revenue $ 84,081 $ 72,410 $ 229,746 $ 222,879
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 67,253 61,647 178,511 175,092
Other Commercial Revenue [Member]        
Revenue:        
Revenue 16,828 10,763 51,235 47,787
Research and Development Revenue [Member]        
Revenue:        
Revenue 60,126 87,357 233,396 212,599
Collaborative Agreement Revenue [Member]        
Revenue:        
Revenue 44,167 69,250 173,513 157,282
Eplontersen Joint Development Revenue [Member]        
Revenue:        
Revenue $ 15,959 $ 18,107 $ 59,883 $ 55,317