v3.24.2.u1
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 25,706 $ 10,412 $ 38,714 $ 23,086
Operating expenses        
Research and development 62,020 41,592 118,898 80,991
General and administrative 12,371 14,999 25,092 30,511
Total operating expenses 74,391 56,591 143,990 111,502
Loss from operations (48,685) (46,179) (105,276) (88,416)
Interest income 4,911 2,842 9,007 5,402
Unrealized gain on equity securities 4,808 8,321 8,487 1,329
Non-cash interest expense related to the sale of future royalties (7,286) (442) (14,470) (442)
Interest and other income (expense), net (1,758) (2,915) (3,971) (5,901)
Loss before provision for income taxes (48,010) (38,373) (106,223) (88,028)
Provision for income taxes 8 151 8 546
Net loss $ (48,018) $ (38,524) $ (106,231) $ (88,574)
Net loss per share, basic $ (0.59) $ (0.64) $ (1.49) $ (1.49)
Net loss per share, diluted $ (0.59) $ (0.64) $ (1.49) $ (1.49)
Weighted-average shares used in computing basic net loss per share 81,224,628 60,339,475 71,341,211 59,535,918
Weighted-average shares used in computing diluted net loss per share 81,224,628 60,339,475 71,341,211 59,535,918

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