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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue:    
Revenue $ 10,831 $ 320
Operating expenses:    
Research and development 102,107 72,088
General and administrative 16,086 13,088
Total operating expenses 118,193 85,176
Loss from operations (107,362) (84,856)
Other (expense) income:    
Loss from remeasurement of development derivative liability (21,182) (12,507)
Interest income 14 237
Interest expense (947) (1,445)
Foreign exchange gain 6 6
Total other expense (22,109) (13,709)
Net loss before income taxes (129,471) (98,565)
Provision for income taxes 1,600 0
Net loss $ (131,071) $ (98,565)
Net loss per common share, basic (in usd per share) $ (2.98) $ (3.39)
Net loss per common share, diluted (in usd per share) $ (2.98) $ (3.39)
Weighted-average common shares outstanding, basic (in shares) 43,918,996 29,056,304
Weighted-average common shares outstanding, diluted (in shares) 43,918,996 29,056,304
Sublicense revenue    
Revenue:    
Revenue $ 10,831 $ 0
Grant revenue    
Revenue:    
Revenue $ 0 $ 320