CONDENSED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenue: | ||||
| Total revenue | $ 6,933 | $ 23,003 | $ 13,098 | $ 27,793 |
| Operating expenses: | ||||
| Cost of goods sold | 1,418 | 4,008 | 2,081 | |
| Research and development | 30,310 | 19,905 | 54,644 | 41,178 |
| General and administrative | 7,545 | 7,570 | 14,436 | 16,917 |
| Total operating expenses | 39,273 | 27,475 | 73,088 | 60,176 |
| Operating loss | (32,340) | (4,472) | (59,990) | (32,383) |
| Other income, net | 861 | 266 | 1,846 | 428 |
| Net loss | $ (31,479) | $ (4,206) | $ (58,144) | $ (31,955) |
| Net loss per share: | ||||
| Basic | $ (0.58) | $ (0.08) | $ (1.08) | $ (0.60) |
| Diluted | $ (0.58) | $ (0.08) | $ (1.08) | $ (0.60) |
| Weighted average shares: | ||||
| Basic | 54,002,988 | 53,614,668 | 53,937,875 | 53,561,161 |
| Diluted | 54,002,988 | 53,614,668 | 53,937,875 | 53,561,161 |
| Other comprehensive income (loss), net of tax of $0: | ||||
| Change in unrealized gains (losses) on available-for-sale marketable securities | $ 371 | $ (324) | $ 942 | $ (1,689) |
| Total comprehensive loss | (31,108) | (4,530) | (57,202) | (33,644) |
| Collaborative revenue | ||||
| Revenue: | ||||
| Total revenue | 5,410 | 8,003 | 8,160 | 8,003 |
| Commercial supply revenue | ||||
| Revenue: | ||||
| Total revenue | 1,400 | 4,591 | 4,790 | |
| Royalty revenue | ||||
| Revenue: | ||||
| Total revenue | $ 123 | 248 | ||
| License and milestone fees | ||||
| Revenue: | ||||
| Total revenue | $ 15,000 | $ 15,000 | ||
| Clinical compound revenue | ||||
| Revenue: | ||||
| Total revenue | $ 99 | |||
| X | ||||||||||
- Definition It pertains to over all cost of goods sold. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax and adjustment, of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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