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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenues $ 178,844 $ 157,024 $ 924,090 $ 195,939
Expenses:        
Research and development 408,195 294,087 1,571,551 345,828
General and administrative 77,793 56,879 214,144 83,977
Total expenses 485,988 350,966 1,785,695 429,805
Loss from operations (307,144) (193,942) (861,605) (233,866)
Other income (expense):        
Investment income 330 140 1,061 872
Interest expense (5,182) (4,460) (15,989) (11,266)
Other income (expense) (4,394) 952 (8,328) 3,565
Net loss before income tax expense (316,390) (197,310) (884,861) (240,695)
Income tax expense 6,041 0 12,606 0
Net loss $ (322,431) $ (197,310) $ (897,467) $ (240,695)
Basic net loss per share (in usd per share) $ (4.31) $ (3.21) $ (12.13) $ (4.39)
Diluted net loss per share (in usd per share) $ (4.31) $ (3.21) $ (12.13) $ (4.39)
Basic weighted average number of common shares outstanding (in shares) 74,745,000 61,554,000 73,972,000 54,810,000
Diluted weighted average number of common shares outstanding (in shares) 74,745,000 61,554,000 73,972,000 54,810,000
Government contracts        
Revenue:        
Revenues $ 97,502 $ 42,938 $ 720,740 $ 43,249
Grant and other        
Revenue:        
Revenues 41,401 114,086 139,952 152,690
Royalties        
Revenue:        
Revenues $ 39,941 $ 0 $ 63,398 $ 0