XML 59 R42.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Agenus Transaction (Details)
$ in Thousands
3 Months Ended 6 Months Ended
May 29, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
Jun. 30, 2023
Jun. 30, 2024
USD ($)
Jun. 30, 2023
Dec. 31, 2023
USD ($)
Asset Acquisition [Line Items]            
Net carrying value   $ 81,648   $ 81,648   $ 62,291
Expected term (years)   4 years 8 months 12 days 4 years 9 months 18 days 4 years 8 months 12 days 5 years 3 months 18 days  
Expected volatility (as a percent)   45.50% 49.40% 44.70% 52.60%  
Risk-free interest rate (as a percent)   4.30% 3.90% 4.30% 4.10%  
Agenus, Inc.            
Asset Acquisition [Line Items]            
Net carrying value $ 75,000 $ 40,407   $ 40,407   $ 0
Royalties right to receive (as a percent) 18.75%          
Maximum capital sourcing $ 100,000          
Maximum financing royalty asset $ 200,000          
Warrants term (in years) 5 years          
Securities called by warrants (in shares) | shares 867,052          
Exercise price (in USD per share) | $ / shares $ 17.3          
Agenus, Inc. | Expected Term            
Asset Acquisition [Line Items]            
Derivative liability, measurement input 4          
Agenus, Inc. | Option Volatility            
Asset Acquisition [Line Items]            
Derivative liability, measurement input 0.84          
Agenus, Inc. | Risk Free Interest Rate            
Asset Acquisition [Line Items]            
Derivative liability, measurement input 0.047          
Agenus, Inc. | Share Price            
Asset Acquisition [Line Items]            
Derivative liability, measurement input | $ / shares 15.03          
Agenus, Inc. | INCAGN2390            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | UGN-301            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | BMS-986442            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | INCAGN2385            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | AGEN2373            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | MK-4830            
Asset Acquisition [Line Items]            
Future milestones right to receive (as a percent) 31.875%          
Agenus, Inc. | BOT/BAL            
Asset Acquisition [Line Items]            
Future royalties (as a percent) 2.625%          
Agenus Partnered Program            
Asset Acquisition [Line Items]            
Additional maximum investment $ 25,000