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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Revenue $ 156,719 $ 133,814 $ 740,381 $ 478,562
Expenses:        
Cost of sales 2,338 1,071 7,952 7,385
Research, development and patent 217,754 219,761 635,973 656,040
Selling, general and administrative 96,809 61,638 263,681 179,395
Total operating expenses 316,901 282,470 907,606 842,820
Loss from operations (160,182) (148,656) (167,225) (364,258)
Other income (expense):        
Investment income 23,682 26,228 73,035 78,112
Interest expense (4,212) (4,161) (12,434) (12,803)
Interest expense related to sale of future royalties (17,952) (18,533) (55,422) (54,788)
Gain (loss) on investments, net 29,908 879 9,432 (321)
Other income, net 363 142 929 1,029
Loss before income tax benefit (expense) (128,393) (144,101) (151,685) (353,029)
Income tax benefit (expense) (213) 3,621 (308) 3,481
Net loss $ (128,606) $ (140,480) $ (151,993) $ (349,548)
Basic net loss per share (in Dollars per share) $ (0.8) $ (0.95) $ (0.95) $ (2.38)
Diluted net loss per share (in Dollars per share) $ (0.8) $ (0.95) $ (0.95) $ (2.38)
Shares used in computing basic net loss per share (in Shares) 159,765 148,593 159,216 146,703
Shares used in computing diluted net loss per share (in Shares) 159,765 148,593 159,216 146,703
Product Sales, Net [Member]        
Revenue:        
Revenue $ 31,792 $ 0 $ 57,353 $ 0
Royalty Revenue [Member]        
Revenue:        
Revenue 75,694 66,807 209,811 180,036
Other Commercial Revenue [Member]        
Revenue:        
Revenue 8,112 8,924 27,359 27,324
Commercial Revenue [Member]        
Revenue:        
Revenue 115,598 75,731 294,523 207,360
Collaborative Agreement Revenue [Member]        
Revenue:        
Revenue 31,436 44,883 413,387 235,753
WAINUA Joint Development Revenue [Member]        
Revenue:        
Revenue 9,685 13,200 32,471 35,449
Research and Development Revenue [Member]        
Revenue:        
Revenue $ 41,121 $ 58,083 $ 445,858 $ 271,202