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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Products, net $ 207,774 $ 166,911 $ 607,836 $ 433,676
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Collaboration $ 22,495 $ 22,495 $ 66,750 $ 66,750
Total revenues 230,269 189,406 674,586 500,426
Cost and expenses:        
Cost of sales (excluding amortization of in-licensed rights) 39,952 23,444 109,190 65,305
Research and development 216,707 139,115 663,286 573,886
Selling, general and administrative 104,787 61,127 330,943 204,605
Settlement and license charges 0 0 0 10,000
Amortization of in-licensed rights 178 178 535 527
Total cost and expenses 361,624 223,864 1,103,954 854,323
Operating loss (131,355) (34,458) (429,368) (353,897)
Other (loss) income, net:        
(Gain) loss on contingent consideration, net [1] 6,700 7,200 6,700 7,200
Loss on debt extinguishment (125,441) 0 (125,441) 0
Other expense, net (6,322) (20,649) (40,548) (52,362)
Gain from sale of Priority Review Voucher 0 0 0 102,000
Total other (loss) income, net (125,063) (13,449) (159,289) 56,838
Loss before income tax expense (benefit) (256,418) (47,907) (588,657) (297,059)
Income tax expense (benefit) 1,320 237 5,587 (260)
Net loss (257,738) (48,144) (594,244) (296,799)
Other comprehensive loss:        
Unrealized (losses) gains on investments, net of tax (720) (22) (3,185) (23)
Total other comprehensive loss (720) (22) (3,185) (23)
Comprehensive loss $ (258,458) $ (48,166) $ (597,429) $ (296,822)
Net loss per share - basic and diluted $ (2.94) $ (0.60) $ (6.79) $ (3.72)
Net loss per share - basic and diluted $ (2.94) $ (0.60) $ (6.79) $ (3.72)
Weighted average number of shares of common stock used in computing basic and diluted net loss per share 87,628 79,880 87,465 79,695
Weighted average number of shares of common stock used in computing basic and diluted net loss per share 87,628 79,880 87,465 79,695
[1] The gain on contingent consideration, net is related to the fair value adjustment of the regulatory-related contingent payments that are accounted for as derivatives. Please see Note 4, Fair Value Measurements for further details.