v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 507 $ 5,333 $ 1,203 $ 29,786
Operating expenses:        
Cost of sales 0 165 533 970
Research and development 83,614 55,498 155,757 114,072
Sales and marketing 31 35 34 70
General and administrative 14,242 11,862 29,485 25,738
Total operating expenses 97,887 67,560 185,809 140,850
Loss from operations (97,380) (62,227) (184,606) (111,064)
Other (expense) income:        
Interest and other income, net 2,910 2,894 5,254 6,536
Total other income, net 2,910 2,894 5,254 6,536
Net loss before income taxes (94,470) (59,333) (179,352) (104,528)
Provision for income taxes 0 (93) 50 (93)
Net loss $ (94,470) $ (59,426) $ (179,302) $ (104,621)
Net loss per share - basic $ (1.09) $ (0.85) $ (2.08) $ (1.5)
Net loss per share - diluted $ (1.09) $ (0.85) $ (2.08) $ (1.5)
Weighted average common shares outstanding - basic 86,543 69,926 86,272 69,847
Weighted average common shares outstanding - diluted 86,543 69,926 86,272 69,847
Net Income (Loss) $ (94,470) $ (59,426) $ (179,302) $ (104,621)
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities (9) (91) (168) (196)
Comprehensive income (loss) (94,479) (59,517) (179,470) (104,817)
Product sales, net [Member]        
Revenues:        
Total revenues 0 0 467 715
License and Collaboration Agreements [Member]        
Revenues:        
Total revenues 507 5,333 646 16,382
Royalty Income [Member]        
Revenues:        
Total revenues $ 0 $ 0 $ 90 $ 12,689