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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 139,494 $ 98,052 $ 395,353 $ 306,857
Operating expenses:        
Cost of sales 21,021 10,987 59,834 33,158
Research and development 170,109 157,245 510,099 487,892
Selling, general and administrative 80,351 74,917 239,115 232,966
Total operating expenses 271,481 243,149 809,048 754,016
Loss from operations (131,987) (145,097) (413,695) (447,159)
Interest income 10,731 5,881 26,956 18,135
Change in fair value of equity investments 678 (1,419) 433 (1,492)
Non-cash interest expense on liabilities for sales of future royalties (15,712) (17,665) (47,519) (48,676)
Other income (expense) 3,077 (699) (357) (2,380)
Loss before income taxes (133,213) (158,999) (434,182) (481,572)
Provision for income taxes (303) (650) (1,616) (1,877)
Net loss $ (133,516) $ (159,649) $ (435,798) $ (483,449)
Net loss per share, basic $ (1.4) $ (2.23) $ (4.91) $ (6.81)
Net loss per share, diluted $ (1.4) $ (2.23) $ (4.91) $ (6.81)
Shares used in computing net loss per share, Basic 95,493,996 71,664,493 88,811,157 70,987,801
Shares used in computing net loss per share, Diluted 95,493,996 71,664,493 88,811,157 70,987,801
Product sales        
Revenues:        
Total revenues $ 77,251 $ 42,349 $ 213,545 $ 128,757
Royalty revenue        
Revenues:        
Total revenues 62,243 55,703 181,808 106,916
Collaboration and license        
Revenues:        
Total revenues $ 0 $ 0 $ 0 $ 71,184