Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Income Statement [Abstract] | ||||
| Commercialization revenue | $ 793 | $ 0 | $ 1,677 | $ 0 |
| License and collaboration revenue | 164 | 51,579 | 506 | 58,893 |
| Total revenue | 957 | 51,579 | 2,183 | 58,893 |
| Costs and operating expenses: | ||||
| Cost of commercialization revenue | 2,895 | 0 | 3,111 | 0 |
| Research and development expenses | 56,141 | 64,898 | 118,297 | 139,861 |
| General and administrative expenses | 13,335 | 18,813 | 27,207 | 39,384 |
| Total costs and operating expenses | 72,371 | 83,711 | 148,615 | 179,245 |
| Loss from operations | (71,414) | (32,132) | (146,432) | (120,352) |
| Other income (expense), net: | ||||
| Interest income | 1,695 | 704 | 3,497 | 932 |
| Interest expense | (1,378) | (129) | (2,714) | (133) |
| Gain on sale of ATOM Facility | 0 | 50,237 | 0 | 50,237 |
| Other income (expense), net | (10) | (214) | (207) | (323) |
| Total other income (expense), net | 307 | 50,598 | 576 | 50,713 |
| (Loss) income before provision for income taxes | (71,107) | 18,466 | (145,856) | (69,639) |
| Provision for income taxes | 1 | 0 | 23 | 0 |
| Net (loss) income | (71,108) | 18,466 | (145,879) | (69,639) |
| Other comprehensive gain (loss): | ||||
| Unrealized gain (loss) on available-for-sale securities | 304 | (726) | 1,134 | (2,250) |
| Comprehensive (loss) income | $ (70,804) | $ 17,740 | $ (144,745) | $ (71,889) |
| Basic (loss) earnings per common share | $ (0.68) | $ 0.18 | $ (1.40) | $ (0.69) |
| Diluted (loss) earnings per common share | $ (0.68) | $ 0.18 | $ (1.40) | $ (0.69) |
| Basic weighted-average shares outstanding | 105,091 | 101,601 | 104,533 | 101,166 |
| Diluted weighted-average shares outstanding | 105,091 | 101,866 | 104,533 | 101,166 |
| X | ||||||||||
- Definition Commercialization Revenue No definition available.
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- Definition Cost of Commercialization Revenue No definition available.
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- Definition License and collaboration revenue. No definition available.
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- Definition Total other income (expense), net No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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