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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 0 $ 241 $ 320 $ 1,597
Operating expenses:        
Research and development 17,416 9,028 49,721 22,530
General and administrative 3,076 2,803 9,477 7,523
Total operating expenses 20,492 11,831 59,198 30,053
Loss from operations (20,492) (11,590) (58,878) (28,456)
Other income (expense):        
Loss from remeasurement of development derivative liability (4,273) 0 (8,435) 0
Interest income 3 451 235 1,259
Interest expense (362) (266) (1,119) (711)
Foreign exchange gain (loss) (19) 14 7 (8)
Total other income (expense) (4,651) 199 (9,312) 540
Net loss $ (25,143) $ (11,391) $ (68,190) $ (27,916)
Net loss per common share, basic and diluted (in usd per share) $ (0.86) $ (0.40) $ (2.36) $ (1.03)
Weighted average common shares outstanding, basic, and diluted (in shares) 29,243,181 28,719,932 28,941,669 27,065,774
Grant Revenue        
Revenue:        
Revenue $ 0 $ 241 $ 320 $ 1,097
Collaborative Agreement        
Revenue:        
Revenue $ 0 $ 0 $ 0 $ 500