v3.26.1
Condensed Statements of Operations and Comprehensive (Loss) Income - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 0 $ 7,145,000
Operating expenses    
Selling, general and administrative 6,290,000 12,815,000
Research and development 17,232,000 8,788,000
Cost of goods sold 0 760,000
Total operating expenses 23,522,000 22,363,000
Loss from operations (23,522,000) (15,218,000)
Other income (expense)    
Gain on sale of business 0 87,443,000
Interest income 1,328,000 791,000
Total other income (expense), net 1,328,000 88,234,000
Loss (income) before income tax expense (22,194,000) 73,016,000
Income tax expense (benefit) 0 0
Net (loss) income (22,194,000) 73,016,000
Other comprehensive loss:    
Unrealized loss on investments, net of tax (135,000) (15,000)
Comprehensive (loss) income $ (22,329,000) $ 73,001,000
Net (loss) income per share:    
Basic (in dollars per share) $ (0.32) $ 1.84
Diluted (in dollars per share) $ (0.32) $ 1.83
Weighted average shares outstanding:    
Basic (in shares) 69,236,945 39,640,826
Diluted (in shares) 69,236,945 39,932,539
Product sales, net    
Total revenue $ 0 $ 7,145,000