v3.26.1
Segment Information - Tabular Disclosure (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Information        
Total revenues $ 20,731 $ 26,195 $ 38,430 $ 41,583
Share-based compensation     10,494 9,420
Restructuring expenses (including share-based compensation) 4,031   7,664  
Transaction-related expenses 6,089   6,089  
Total expenses 29,008 28,920 56,190 58,742
Loss from operations (8,277) (2,725) (17,760) (17,159)
Net gain on realized contingent milestone and royalty assets   75,137   75,137
Interest expense (non-cash)   (663)   (1,306)
Interest and other income, net 3,486 1,457 6,499 2,396
Provision for income tax (expense) benefit (1,107) (18,371) 430 (17,812)
Net income (loss) (5,898) 54,835 (10,831) 41,256
Collaboration Agreement        
Segment Information        
Total revenues 20,731 18,695 38,430 34,083
Licensing and Milestone        
Segment Information        
Total revenues   7,500   7,500
Single Reportable Segment        
Segment Information        
Total revenues 20,731 26,195 38,430 41,583
Employee-related (Research and development) 1,984 3,535 4,431 7,466
External-related (Research and development) 1,600 5,190 3,552 10,755
Facilities and other allocated expenses (Research and development) 562 778 1,365 1,664
Supporting general and administration functions 5,619 8,221 13,579 15,479
Sales and marketing, and medical affairs 4,985 6,653 11,896 13,958
Share-based compensation 4,138 4,543 7,614 9,420
Total recurring operating expenses 18,888 28,920 42,437 58,742
Restructuring expenses (including share-based compensation) 4,031   7,664  
Transaction-related expenses 6,089   6,089  
Total expenses 29,008 28,920 56,190 58,742
Loss from operations (8,277) (2,725) (17,760) (17,159)
Net gain on realized contingent milestone and royalty assets   75,137   75,137
Interest expense (non-cash)   (663)   (1,306)
Interest and other income, net 3,486 1,457 6,499 2,396
Provision for income tax (expense) benefit (1,107) (18,371) 430 (17,812)
Net income (loss) (5,898) 54,835 (10,831) 41,256
Single Reportable Segment | Collaboration Agreement        
Segment Information        
Total revenues $ 20,731 $ 18,695 $ 38,430 $ 34,083
Revenue from Contract with Customer, Product and Service Collaboration Agreement Collaboration Agreement Collaboration Agreement Collaboration Agreement
Single Reportable Segment | Licensing and Milestone        
Segment Information        
Total revenues   $ 7,500   $ 7,500