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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Revenue      
Total revenue $ 79,204 $ 86,160 $ 97,074
Operating expenses:      
Research and development 163,524 164,522 174,111
General and administrative 52,887 45,482 32,536
Total operating expenses 216,411 210,004 206,647
Loss from operations (137,207) (123,844) (109,573)
Other income (expense):      
Interest expense (5,148) 0 0
Interest and investment income, net 11,360 1,573 2,021
Change in fair value of Series 1 nonconvertible preferred stock 0 83 (27)
Total other income , net 6,212 1,656 1,994
Loss before income taxes (130,995) (122,188) (107,579)
Income tax (expense) benefit (2,821) 433 28,583
Net loss $ (133,816) $ (121,755) $ (78,996)
Net loss per share:      
Basic $ (6.38) $ (5.91) $ (3.92)
Diluted $ (6.38) $ (5.91) $ (3.92)
Weighted average shares outstanding:      
Basic 20,969 20,603 20,171
Diluted 20,969 20,603 20,171
Royalty [Member]      
Revenue      
Total revenue $ 78,204 $ 86,160 $ 97,074
License [Member]      
Revenue      
Total revenue $ 1,000 $ 0 $ 0