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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 970 $ 84,866 $ 133,034 $ 91,054
Operating expenses:        
Research and development 50,723 57,913 172,347 158,680
General and administrative 16,760 16,645 50,351 44,895
Total operating expenses 67,483 74,558 222,698 203,575
Income (loss) from operations (66,513) 10,308 (89,664) (112,521)
Other income (expense):        
Interest income 6,743 8,522 20,429 22,912
Other expense, net (66) (15) (194) (253)
Total other income, net 6,677 8,507 20,235 22,659
Income (loss) before income taxes (59,836) 18,815 (69,429) (89,862)
Benefit from income taxes (835) (3,092) (5,075) (10,310)
Net Income (Loss) $ (59,001) $ 21,907 $ (64,354) $ (79,552)
Basic (in dollars per share) $ (1.10) $ 0.41 $ (1.20) $ (1.50)
Diluted (in dollars per share) $ (1.10) $ 0.38 $ (1.20) $ (1.50)
Weighted-average ordinary shares outstanding used in per share calculations- basic (in shares) 53,790 53,559 53,757 53,064
Weighted-average ordinary shares outstanding used in per share calculations- diluted (in shares) 53,790 58,004 53,757 53,064
Collaboration revenue        
Total revenue $ 970 $ 84,866 $ 132,984 $ 91,004
Revenue from license and intellectual property        
Total revenue $ 0 $ 0 $ 50 $ 50