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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Net product sales $ 9,587,000 $ 0 $ 0
Collaboration revenue 4,056,000 3,648,000 0
Total revenues 13,643,000 3,648,000 0
Operating costs and expenses:      
Cost of product sales (excluding intangible asset amortization) 542,000 0 0
Research and development 138,002,000 115,639,000 100,925,000
Selling, general and administrative 99,574,000 60,792,000 38,950,000
Intangible asset amortization 3,942,000 0 0
Acquired in-process research and development and related costs 10,700,000 251,438,000 0
Change in fair value of contingent consideration 8,600,000 5,600,000 1,300,000
Total operating expenses 261,360,000 433,469,000 141,175,000
Loss from operations (247,717,000) (429,821,000) (141,175,000)
Other income (expense):      
Interest income 2,891,000 9,804,000 7,170,000
Interest expense (3,759,000) (2,000) (6,000)
Other income, net 21,777,000 516,000 10,295,000
Loss from continuing operations before income taxes (226,808,000) (419,503,000) (123,716,000)
Income tax benefit (17,425,000) 0 0
Loss from continuing operations (209,383,000) (419,503,000) (123,716,000)
Loss from discontinued operations 0 0 (198,000)
Net loss $ (209,383,000) $ (419,503,000) $ (123,914,000)
Net loss per share, basic and diluted (in dollars per share) [1] $ (3.90) $ (9.74) $ (3.27)
Weighted average common shares outstanding, basic and diluted (shares) 53,706 43,078 37,884
[1] Net loss per share for both continuing operations and discontinued operations, basic and diluted, was the same for all periods presented.