XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
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 revenues $ 1,517 $ 407 $ 2,752 $ 744
Operating expenses:        
Research and development 34,535 21,572 87,585 59,359
General and administrative 8,221 6,531 22,082 20,596
Gain on fair value remeasurement of contingent consideration 0 (0) 0 (6,862)
Litigation settlement related loss       15,000
Total operating expenses 42,756 28,103 109,667 88,093
Operating loss (41,239) (27,696) (106,915) (87,349)
Investment and other income, net 2,979 912 8,792 1,511
Net loss $ (38,260) $ (26,784) $ (98,123) $ (85,838)
Basic net loss per common share $ (0.81) $ (0.57) $ (2.08) $ (1.83)
Diluted net loss per common share $ (0.81) $ (0.57) $ (2.08) $ (1.83)
Shares used in calculating basic net loss per share 47,261 46,916 47,243 46,806
Shares used in calculating diluted net loss per share 47,261 46,916 47,243 46,806
Comprehensive loss:        
Net loss $ (38,260) $ (26,784) $ (98,123) $ (85,838)
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities 63 305 875 (2,006)
Comprehensive loss (38,197) (26,479) (97,248) (87,844)
Product development and licensing agreements        
Revenues:        
Total revenues 2   19 30
Contracts and grants        
Revenues:        
Total revenues $ 1,515 $ 407 $ 2,733 $ 714