v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 114,449 $ 54,116 $ 196,180 $ 95,490
Operating expenses:        
Cost of goods sold 1,521 2,061 6,201 3,565
Research and development 49,362 54,330 96,251 103,750
Selling, general and administrative 76,216 64,776 149,055 128,999
In-process research and development 0 0 0 65,205
Restructuring 0 653 0 912
Total operating expenses 127,099 121,820 251,507 302,431
Operating loss (12,650) (67,704) (55,327) (206,941)
Other (expense) income, net:        
Interest income 3,287 4,420 7,083 10,452
Interest expense (2,846) (2,788) (5,702) (5,588)
Other (expense) income, net (526) (3,495) 24 (3,257)
Total other (expense) income, net (85) (1,863) 1,405 1,607
Loss from continuing operations before income tax provision (12,735) (69,567) (53,922) (205,334)
Income tax provision on continuing operations (20) (85) (59) (276)
Loss from continuing operations, net of tax (12,755) (69,652) (53,981) (205,610)
Loss from discontinued operations, net of tax 0 (757) 0 (860)
Net loss $ (12,755) $ (70,409) $ (53,981) $ (206,470)
Basic and diluted:        
Net loss from continuing operations, basic (in dollars per share) $ (0.14) $ (0.90) $ (0.61) $ (2.66)
Net loss from continuing operations, diluted (in dollars per share) (0.14) (0.90) (0.61) (2.66)
Net loss from discontinued operations, basic (in dollars per share) 0 (0.01) 0 (0.01)
Net loss from discontinued operations, diluted (in dollars per share) 0 (0.01) 0 (0.01)
Net loss per common share, basic (in dollars per share) (0.14) (0.91) (0.61) (2.67)
Net loss per common share, diluted (in dollars per share) $ (0.14) $ (0.91) $ (0.61) $ (2.67)
Weighted average common shares outstanding, basic (in shares) 88,945,624 77,500,245 88,652,428 77,318,369
Weighted average common shares outstanding, diluted (in shares) 88,945,624 77,500,245 88,652,428 77,318,369
Comprehensive loss:        
Net loss $ (12,755) $ (70,409) $ (53,981) $ (206,470)
Foreign currency translation gain (loss) 268 404 (418) 1,033
Unrealized loss on marketable debt securities (237) (146) (314) (1,211)
Comprehensive loss (12,724) (70,151) (54,713) (206,648)
Net product sales        
Total revenue 94,842 52,176 170,702 92,160
Operating expenses:        
Cost of goods sold 1,521 1,929 2,775 3,433
License and collaboration revenue        
Total revenue 19,607 1,940 25,478 3,330
Operating expenses:        
Cost of goods sold $ 0 $ 132 $ 3,426 $ 132