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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenue $ 118,404 $ 71,416 $ 261,902 $ 210,521
Operating expenses:        
Cost of product sales, excluding amortization of acquired intangible assets 4,667 3,006 14,056 8,593
Amortization of acquired intangible assets 9,630 7,025 26,309 19,677
Research and development 92,998 63,076 359,630 175,621
Selling, general and administrative 57,840 49,284 169,708 139,044
Change in the fair value of deferred and contingent consideration 8,400 9,500 16,980 35,960
Settlement of deferred and contingent consideration 0 0 10,613 0
Total operating expenses 173,535 131,891 597,296 378,895
Loss from operations (55,131) (60,475) (335,394) (168,374)
Interest expense, net (21,039) (2,666) (32,060) (7,028)
Other income, net 28,766 2,800 26,242 2,509
Loss before income tax expense (47,404) (60,341) (341,212) (172,893)
Income tax (expense) benefit (22,288) 344 (22,594) (1,006)
Net loss attributable to common stockholders $ (69,692) $ (59,997) $ (363,806) $ (173,899)
Weighted-average shares outstanding:        
Basic and diluted (in shares) 67,641,171 56,463,528 65,068,281 57,798,968
Net loss per share-basic and diluted (in dollars per share)        
Net loss per share-basic and diluted (in dollars per share) $ (1.03) $ (1.06) $ (5.59) $ (3.01)
Net product revenue        
Revenues:        
Revenue $ 82,708 $ 71,369 $ 226,143 $ 209,899
Collaboration and grant revenue        
Revenues:        
Revenue 35,000 47 35,063 622
Royalty revenue        
Revenues:        
Revenue $ 696 $ 0 $ 696 $ 0