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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
[1]
Revenue:    
Total revenue $ 55,232 $ 98,427
Operating costs and expenses:    
Cost of goods sold 0 30,686
Research and development (including $2,636 and $277 for the year ended December 31, 2025 and 2024, respectively, from a related party) 117,330 120,908
General and administrative 68,673 76,751
Restructuring and impairment 9,331 15,670
Gain on sale of the Huntsville manufacturing facility 0 (40,390)
Total operating costs and expenses 195,334 203,625
Loss from operations (140,102) (105,198)
Non-operating income (expense):    
Non-cash interest expense on liabilities related to the sales of future royalties (26,184) (28,112)
Interest income 10,438 14,500
Other income (expense), net (including $1,110 and $0 for the year ended December 31, 2025 and 2024, respectively, from a related party) 361 (390)
Total non-operating income (expense), net (15,385) (14,002)
Loss before benefit for income taxes and equity method investment (155,487) (119,200)
Benefit for income taxes (138) (239)
Loss before equity method investment (155,349) (118,961)
Loss from equity method investment (8,727) 0
Net loss $ (164,076) $ (118,961)
Basic net loss per share (in dollars per share) $ (9.73) $ (8.68)
Diluted net loss per share (in dollars per share) $ (9.73) $ (8.68)
Weighted average shares outstanding used in computing basic net loss per share (in shares) 16,870,930 13,710,775
Weighted average shares outstanding used in computing diluted net loss per share (in shares) 16,870,930 13,710,775
Product sales    
Revenue:    
Total revenue $ 0 $ 33,563
Non-cash royalty revenue related to the sales of future royalties    
Revenue:    
Total revenue 54,932 64,267
License, collaboration and other revenue    
Revenue:    
Total revenue $ 300 $ 597
[1] All share and per share amounts have been retrospectively adjusted to reflect a one-for-fifteen reverse stock split (see Note 8).