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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 22,017 $ 0 $ 55,449 $ 0
Operating expenses:        
Research and development 7,204 1,737 23,465 3,249
General and administrative 6,794 1,526 11,954 2,132
Total operating expenses 14,735 3,263 37,453 5,381
Income (loss) from operations before other (expense) income and income taxes 7,282 (3,263) 17,996 (5,381)
Other (expense) income:        
Interest income (expense), net 7 13 16 174
Other (expense) income, net (39) 0 (73) 0
Change in fair value of equity warrant rights (876) 0 (876) 0
Total other (expense) income (908) 13 (933) 174
Provision for income taxes (29) 0 (342) 0
Net income (loss) 6,345 (3,250) 16,721 (5,207)
Comprehensive income (loss) $ 6,345 $ (3,250) $ 16,721 $ (5,207)
Net income (loss) per share        
Basic (usd per share) $ 0.31 $ (1.23) $ 0.81 $ (1.96)
Diluted (usd per share) $ 0.29 $ (1.23) $ 0.76 $ (1.96)
Weighted-average shares outstanding        
Basic (shares) 20,555,258 2,651,321 20,446,246 2,650,843
Diluted (shares) 21,966,599 2,651,321 21,895,304 2,650,843
License fees and Collaboration        
Operating expenses:        
Cost of license fees and collaboration revenue $ 737 $ 0 $ 2,034 $ 0
License fees        
Revenues:        
Total revenues 19,048 0 52,359 0
Collaboration        
Revenues:        
Total revenues $ 2,969 $ 0 $ 3,090 $ 0