XML 10 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 24,124 $ 24,144 $ 69,252 $ 66,237
Operating costs and expenses:        
Cost of goods sold 4,435 12,431 22,709 26,485
Research and development 35,031 24,070 92,163 84,220
General and administrative 18,957 21,147 59,616 60,097
Restructuring, impairment, and costs of terminated program 46 11,360 14,310 49,107
Impairment of goodwill 0 0 0 76,501
Total operating costs and expenses 58,469 69,008 188,798 296,410
Loss from operations (34,345) (44,864) (119,546) (230,173)
Non-operating income (expense):        
Non-cash interest expense on liabilities related to the sales of future royalties (6,020) (5,910) (17,959) (18,467)
Interest income 3,437 5,211 11,558 14,392
Other income (expense), net (120) (335) (255) 100
Total non-operating income (expense), net (2,703) (1,034) (6,656) (3,975)
Loss before provision for income taxes (37,048) (45,898) (126,202) (234,148)
Provision (benefit) for income taxes 9 (61) 20 (171)
Net loss $ (37,057) $ (45,837) $ (126,222) $ (233,977)
Basic net loss per share (in dollars per share) $ (0.18) $ (0.24) $ (0.62) $ (1.23)
Diluted net loss per share (in dollars per share) $ (0.18) $ (0.24) $ (0.62) $ (1.23)
Weighted average shares outstanding used in computing basic net loss per share (in shares) 209,249 190,406 204,292 189,651
Weighted average shares outstanding used in computing diluted net loss per share (in shares) 209,249 190,406 204,292 189,651
Product sales        
Revenue:        
Total revenue $ 8,015 $ 5,822 $ 20,689 $ 15,198
Non-cash royalty revenue related to the sales of future royalties        
Revenue:        
Total revenue 15,731 18,167 48,029 50,860
License, collaboration and other revenue        
Revenue:        
Total revenue $ 378 $ 155 $ 534 $ 179