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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues $ 24,197 $ 28,914 $ 62,114 $ 68,029
Operating Expenses        
Cost of revenues 12,387 12,388 27,249 25,975
Research and development 54,429 58,183 158,142 176,585
General and administrative 19,422 23,083 56,568 69,415
Impairment of long-lived assets     2,101  
Other operating expenses 37 220 32 279
Total operating expenses 86,275 93,874 244,092 272,254
Loss from operations (62,078) (64,960) (181,978) (204,225)
Other Income (Expense)        
Interest income from licensing 25 56 91 166
Investment income 3,276 4,660 9,213 8,953
Interest expense (820) (1,624) (3,242) (5,499)
Total other income 2,481 3,092 6,062 3,620
Net loss (59,597) (61,868) (175,916) (200,605)
Other Comprehensive Income        
Unrealized gain on available-for-sale securities, net 1,684 2,685 3,847 7,988
Total other comprehensive income 1,684 2,685 3,847 7,988
Comprehensive loss $ (57,913) $ (59,183) $ (172,069) $ (192,617)
Net loss per share, basic $ (1.17) $ (1.41) $ (3.59) $ (4.6)
Net loss per share, diluted $ (1.17) $ (1.41) $ (3.59) $ (4.6)
Weighted-average common shares outstanding, basic 50,800 43,945 49,051 43,644
Weighted-average common shares outstanding, diluted 50,800 43,945 49,051 43,644
License and royalty [Member]        
Revenues        
Revenues $ 24,197 $ 28,914 $ 62,114 $ 68,029