v3.25.2
Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
License and collaboration revenue $ 8,466,000 $ 11,772,000 $ 15,936,000 $ 19,182,000
Revenue, Product and Service [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember
Operating expenses:        
Research and development $ 101,758,000 $ 87,041,000 $ 200,574,000 $ 171,859,000
General and administrative 26,859,000 29,626,000 54,799,000 56,350,000
Total operating expenses 128,617,000 116,667,000 255,373,000 228,209,000
Loss from operations (120,151,000) (104,895,000) (239,437,000) (209,027,000)
Other income (expense):        
Change in fair value of derivative liabilities 1,147,000 5,500,000 3,407,000 2,600,000
Change in fair value of non-controlling equity investments 4,415,000 (7,586,000) 2,334,000 (10,939,000)
Change in fair value of contingent consideration liabilities (28,000) 1,779,000 (55,000) 1,646,000
Interest and other income (expense), net 12,326,000 14,190,000 22,190,000 26,039,000
Total other income (expense) 17,860,000 13,883,000 27,876,000 19,346,000
Net loss before income taxes (102,291,000) (91,012,000) (211,561,000) (189,681,000)
Provision for income taxes   (39,000) 0 (39,000)
Net loss (102,291,000) (91,051,000) (211,561,000) (189,720,000)
Unrealized gain (loss) on marketable securities (150,000) (189,000) (669,000) (1,714,000)
Comprehensive loss $ (102,441,000) $ (91,240,000) $ (212,230,000) $ (191,434,000)
Net loss per common share, basic $ (1) $ (1.11) $ (2.23) $ (2.31)
Net loss per common share, diluted $ (1) $ (1.11) $ (2.23) $ (2.31)
Weighted - average common shares outstanding, basic 101,995,184 82,312,467 95,023,977 82,005,550
Weighted - average common shares outstanding, diluted 101,995,184 82,312,467 95,023,977 82,005,550