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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:        
Total revenue $ 20,499 $ 21,585 $ 42,093 $ 46,407
Operating costs and expenses:        
Cost of goods sold 6,994 5,115 14,054 10,430
Research and development 29,681 42,740 60,150 149,993
General and administrative 17,869 20,521 38,950 47,860
Restructuring, impairment and costs of terminated program 16,554 106,045 37,747 107,520
Impairment of goodwill 0 0 76,501 0
Total operating costs and expenses 71,098 174,421 227,402 315,803
Loss from operations (50,599) (152,836) (185,309) (269,396)
Non-operating income (expense):        
Change in fair value of development derivative liability 0 0 0 33,427
Non-cash interest expense on liabilities related to the sales of future royalties (6,152) (7,228) (12,557) (14,757)
Interest income and other income (expense), net 5,582 1,096 9,616 1,491
Total non-operating income (expense), net (570) (6,132) (2,941) 20,161
Loss before provision for income taxes (51,169) (158,968) (188,250) (249,235)
Provision (benefit) for income taxes (47) 100 (110) 226
Net loss $ (51,122) $ (159,068) $ (188,140) $ (249,461)
Basic net loss per share (in dollars per share) $ (0.27) $ (0.85) $ (0.99) $ (1.34)
Diluted net loss per share (in dollars per share) $ (0.27) $ (0.85) $ (0.99) $ (1.34)
Weighted average shares outstanding used in computing basic net loss per share (in shares) 189,656 186,800 189,268 186,323
Weighted average shares outstanding used in computing diluted net loss per share (in shares) 189,656 186,800 189,268 186,323
Product sales        
Revenue:        
Total revenue $ 4,658 $ 5,312 $ 9,376 $ 11,000
Non-cash royalty revenue related to the sales of future royalties        
Revenue:        
Total revenue 15,832 16,264 32,693 33,825
License, collaboration and other revenue        
Revenue:        
Total revenue $ 9 $ 9 $ 24 $ 1,582