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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 10,338 $ 0 $ 10,338 $ 320
Operating expenses:        
Research and development 27,366 20,856 49,686 32,305
General and administrative 4,025 3,242 7,352 6,401
Total operating expenses 31,391 24,098 57,038 38,706
Loss from operations (21,053) (24,098) (46,700) (38,386)
Other income (expense):        
Loss from remeasurement of development derivative liability (5,777) (3,708) (7,203) (4,162)
Interest income 5 21 7 232
Interest expense (254) (379) (539) (757)
Foreign exchange gain (loss) 0 22 (2) 26
Total other expense (6,026) (4,044) (7,737) (4,661)
Net loss before income taxes (27,079) (28,142) (54,437) (43,047)
Provision for income taxes 1,600 0 1,600 0
Net loss $ (28,679) $ (28,142) $ (56,037) $ (43,047)
Net loss per common share, basic (in usd per share) $ (0.60) $ (0.98) $ (1.41) $ (1.50)
Net loss per common share, diluted (in usd per share) $ (0.60) $ (0.98) $ (1.41) $ (1.50)
Weighted average common shares outstanding, basic (in shares) 47,985,871 28,805,238 39,680,408 28,789,256
Weighted average common shares outstanding, diluted (in shares) 47,985,871 28,805,238 39,680,408 28,789,256
Sublicense revenue        
Revenue $ 10,338 $ 0 $ 10,338 $ 0
Grant revenue        
Revenue $ 0 $ 0 $ 0 $ 320