Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
License and collaboration revenue $ 3,870 $ 0 $ 7,422 $ 0
Operating expenses:        
Research and development 68,475 61,560 132,534 119,219
General and administrative 19,397 16,392 37,135 33,430
Total operating expenses 87,872 77,952 169,669 152,649
Loss from operations (84,002) (77,952) (162,247) (152,649)
Interest and other income, net 225 497 135 1,685
Loss before provision for income taxes (83,777) (77,455) (162,112) (150,964)
Provision for income taxes 16 1 16 1
Net loss (83,793) (77,456) (162,128) (150,965)
Other comprehensive gain (loss):        
Unrealized gain (loss) on available-for-sale securities (99) 606 (234) 590
Comprehensive loss $ (83,892) $ (76,850) $ (162,362) $ (150,375)
Net loss per common share:        
Basic and diluted net loss per common share $ (0.91) $ (1.14) $ (1.77) $ (2.34)
Weighted-average shares outstanding used to calculate basic and diluted net loss per common share 92,152 67,975 91,806 64,592