XML 24 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Products, net $ 843,769 $ 612,401 $ 455,865
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Collaboration and other $ 89,244 $ 89,486 $ 84,234
Total revenues 933,013 701,887 540,099
Cost and expenses:      
Cost of sales (excluding amortization of in-licensed rights) 139,989 97,049 63,382
Research and development 877,090 771,182 722,343
Selling, general and administrative 451,421 282,660 317,875
Settlement and license charges 0 10,000 0
Amortization of in-licensed rights 714 706 662
Total cost and expenses 1,469,214 1,161,597 1,104,262
Operating loss (536,201) (459,710) (564,163)
Other (loss) income, net:      
Loss on debt extinguishment (125,441) 0 0
Gain (loss) on contingent consideration, net* [1] 6,700 7,200 (45,000)
Gain from sale of Priority Review Voucher 0 102,000 108,069
Other expense, net (35,021) (68,438) (51,971)
Total other (loss) income, net (153,762) 40,762 11,098
Loss before income tax (benefit) expense (689,963) (418,948) (553,065)
Income tax expense (benefit) 13,525 (168) 1,063
Net loss (703,488) (418,780) (554,128)
Other comprehensive loss:      
Unrealized losses on investments, net of tax (1,644) (23) (47)
Total other comprehensive loss (1,644) (23) (47)
Comprehensive loss $ (705,132) $ (418,803) $ (554,175)
Net loss per share - basic and diluted $ (8.03) $ (5.15) $ (7.11)
Net loss per share - basic and diluted $ (8.03) $ (5.15) $ (7.11)
Weighted average number of shares of common stock used in computing basic and diluted net loss per share 87,559,000 81,262,000 77,956,000
Weighted average number of shares of common stock used in computing basic and diluted net loss per share 87,559,000 81,262,000 77,956,000
[1]

* The gain (loss) 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 5. Fair Value Measurements for further details.