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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net loss $ (363,443,000) $ (101,481,000)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Stock-based compensation 15,016,000 11,952,000
Depreciation and amortization 910,000 76,000
Net accretion and amortization of investments in marketable securities (4,495,000) (521,000)
Realized gain on sale of available-for-sale marketable securities (322,000) 0
Change in fair value of warrant liabilities (241,000) 95,000
Acquired in-process research and development and related costs 249,437,000 0
Change in fair value of contingent purchase consideration 2,700,000 3,200,000
Changes in operating assets and liabilities:    
Prepaid expenses, escrow holdback and other current assets (18,056,000) 1,429,000
Other assets (5,225,000) 551,000
Accounts payable, accrued and other liabilities 20,863,000 1,463,000
Operating lease liability 12,172,000  
Deferred revenue 13,801,000 0
Net cash used in operating activities (76,883,000) (83,236,000)
Cash flows from investing activities:    
Cash paid for asset acquisition, net of cash acquired (175,732,000) 0
Purchases of marketable securities (308,202,000) (375,612,000)
Proceeds from maturities of marketable securities 364,345,000 0
Proceeds from sales of marketable securities 172,960,000 0
Purchases of property and equipment (9,584,000) (75,000)
Net cash provided by (used in) investing activities 43,787,000 (375,687,000)
Cash flows from financing activities:    
Payment of contingent consideration (10,000,000) 0
Proceeds from issuance of common stock under equity incentive plans 8,399,000 6,749,000
Taxes paid related to net share settlement of equity awards (658,000) (1,426,000)
Proceeds from issuance of common stock, net of issuance costs 0 323,135,000
Net cash (used in) provided by financing activities (2,259,000) 328,458,000
Net decrease in cash and cash equivalents (35,355,000) (130,465,000)
Cash and cash equivalents, beginning of the period 68,454,000 293,503,000
Cash and cash equivalents, end of the period 33,099,000 163,038,000
Noncash investing activities:    
Common stock issued as consideration for asset acquisition 68,124,000 0
Net liabilities assumed in connection with asset acquisition 3,688,000 0
Unpaid transaction costs related to asset acquisition $ 2,449,000 $ 0