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Condensed Consolidated Statements Of Operations And Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 258.5 $ 222.1 $ 798.0 $ 544.0
Operating expenses:        
Cost of sales 2.7 2.2 7.2 4.9
Research and development 69.1 45.3 208.3 144.7
Acquired in-process research and development 118.5 0.0 164.5 118.1
Selling, general and administrative 112.5 84.5 326.8 252.8
Total operating expenses 302.8 132.0 706.8 520.5
Operating (loss) income (44.3) 90.1 91.2 23.5
Other (expense) income:        
Interest expense (8.5) (8.0) (25.0) (23.8)
Unrealized loss on equity securities (7.0) (28.5) (12.2) (5.8)
Investment income and other, net 2.7 4.8 11.0 14.0
Total other expense, net (12.8) (31.7) (26.2) (15.6)
(Loss) income before provision for income taxes (57.1) 58.4 65.0 7.9
Provision for income taxes 0.5 4.6 5.6 4.9
Net (loss) income (57.6) 53.8 59.4 3.0
Unrealized (loss) gain on debt securities available-for-sale, net of tax (1.4) 1.0 1.8 3.6
Comprehensive (loss) income $ (59.0) $ 54.8 $ 61.2 $ 6.6
Net (loss) income per share, basic (in USD per share) $ (0.62) $ 0.59 $ 0.64 $ 0.03
Net (loss) income per share, diluted (in USD per share) $ (0.62) $ 0.56 $ 0.61 $ 0.03
Weighted average common shares outstanding, basic (in shares) 93.3 91.9 93.0 91.4
Weighted average common shares outstanding, diluted (in shares) 93.3 96.1 98.0 95.2
Product sales, net        
Revenues:        
Total revenues $ 254.1 $ 198.1 $ 752.8 $ 515.0
Collaboration revenue        
Revenues:        
Total revenues $ 4.4 $ 24.0 $ 45.2 $ 29.0