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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 6,883 $ 2,357 $ 4,651
Operating expenses:      
Research and development 118,011 82,258 53,311
General and administrative 30,914 27,195 20,488
Intangible asset impairment     3,500
Gain on fair value remeasurement of contingent consideration   (6,862) (1,405)
Litigation settlement related loss 12,500 15,000  
Total operating expenses 161,425 117,591 75,894
Operating loss (154,542) (115,234) (71,243)
Investment and other income, net 13,113 2,909 505
Net loss before income tax benefit (141,429) (112,325) (70,738)
Income tax benefit     227
Net loss $ (141,429) $ (112,325) $ (70,511)
Basic net loss per common share (in dollars per share) $ (2.92) $ (2.40) $ (1.64)
Diluted net loss per common share (in dollars per share) $ (2.92) $ (2.40) $ (1.64)
Shares used in calculating basic net loss per share (in shares) 48,449 46,888 42,870
Shares used in calculating diluted net loss per share (in shares) 48,449 46,888 42,870
Comprehensive loss:      
Net loss $ (141,429) $ (112,325) $ (70,511)
Other comprehensive income (loss):      
Unrealized gain (loss) on marketable securities 2,048 (634) (695)
Comprehensive loss (139,381) (112,959) (71,206)
Product development and licensing agreements      
Revenues:      
Total revenues 278 56 31
Contracts and grants      
Revenues:      
Total revenues $ 6,605 $ 2,301 $ 4,620