v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 17 $ 28
Operating expenses:    
Research and development (Includes $— and ($5) from a related party) 122 122
General and administrative (Includes $— and $— from a related party) 29 28
Total operating expenses 151 150
Loss from operations (134) (122)
Non-operating income (expense):    
Interest and other income, net 9 11
Interest expense (3) (1)
Total non-operating income, net 6 10
Loss before income taxes (128) (112)
Income tax expense 0 0
Net loss $ (128) $ (112)
Net loss per share, basic (in dollars per share) $ (1.02) $ (1.14)
Net loss per share, diluted (in dollars per share) $ (1.02) $ (1.14)
Shares used to compute net loss per share, basic (in shares) 125.4 98.4
Shares used to compute net loss per share, diluted (in shares) 125.4 98.4
License and development services    
Revenues:    
Total revenues $ 12 $ 20
Other collaboration    
Revenues:    
Total revenues $ 5 $ 8