XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
License revenue $ 6 $ 6 $ 12 $ 12
Revenue, Product and Service [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember
Operating expenses:        
Research and development $ 45,577 $ 19,354 $ 235,683 $ 40,903
General and administrative 13,403 6,937 23,676 13,749
Total operating expenses 58,980 26,291 259,359 54,652
Loss from operations (58,974) (26,285) (259,347) (54,640)
Other income (expense):        
Change in fair value of derivative liabilities (42,300) (8,700) (44,200) (11,400)
Change in fair value of long-term investments 25,814 517 26,852 517
Change in fair value of contingent consideration liabilities (741)   (1,046)  
Interest and other income (expense), net (52) 250 (72) 847
Total other income (expense) (17,279) (7,933) (18,466) (10,036)
Net loss (76,253) (34,218) (277,813) (64,676)
Unrealized gain (loss) on marketable securities 55 517 40 157
Comprehensive loss (76,198) (33,701) (277,773) (64,519)
Reconciliation of net loss to net loss attributable to common stockholders:        
Net loss (76,253) (34,218) (277,813) (64,676)
Accretion of redeemable convertible preferred stock to redemption value, including dividends on preferred stock       (1,277)
Net loss attributable to common stockholders $ (76,253) $ (34,218) $ (277,813) $ (65,953)
Net loss per common share attributable to common stockholders, basic $ (1.23) $ (0.69) $ (4.54) $ (1.65)
Net loss per common share attributable to common stockholders, diluted $ (1.23) $ (0.69) $ (4.54) $ (1.65)
Weighted-average common shares used in net loss per share attributable to common stockholders, basic 62,210,239 49,430,138 61,215,705 40,077,788
Weighted-average common shares used in net loss per share attributable to common stockholders, diluted 62,210,239 49,430,138 61,215,705 40,077,788