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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenue $ 9,282 $ 19,018 $ 13,679 $ 21,999
Costs and expenses:        
Cost of revenue 848 923 2,698 3,146
Research and development 23,876 23,656 71,738 56,741
General and administrative 7,091 5,813 24,198 17,987
Licensing 7,344 7,300 8,955 7,300
Revaluation of contingent consideration 1,700 2,200 (600) (2,400)
Total costs and expenses 40,859 39,892 106,989 82,774
Loss from operations (31,577) (20,874) (93,310) (60,775)
Other income, net 2,316 922 6,320 1,502
Net loss $ (29,261) $ (19,952) $ (86,990) $ (59,273)
Net loss per share, basic $ (0.41) $ (0.30) $ (1.25) $ (0.92)
Net loss per share, diluted $ (0.41) $ (0.30) $ (1.25) $ (0.92)
Weighted average common shares outstanding, basic 70,807,934 66,675,337 69,452,495 64,718,008
Weighted average common shares outstanding, diluted 70,807,934 66,675,337 69,452,495 64,718,008
Other comprehensive loss:        
Unrealized loss on marketable securities, net of tax of $0 $ (18) $ (139) $ (232) $ (1,241)
Total other comprehensive loss (18) (139) (232) (1,241)
Comprehensive loss (29,279) (20,091) (87,222) (60,514)
Contract research        
Revenues:        
Total revenue 705 1,090 2,469 3,529
Licensing        
Revenues:        
Total revenue $ 8,577 17,898 $ 11,210 18,378
Other        
Revenues:        
Total revenue   $ 30   $ 92