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Segment Data (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Net Revenues and Loss

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

License and collaboration revenue

 

$

63,518

 

 

$

377,709

 

 

$

60,920

 

Research and development expenses

 

 

 

 

 

 

 

 

 

External research and development expenses*

 

 

115,189

 

 

 

155,063

 

 

 

112,380

 

Employee related expenses*

 

 

98,796

 

 

 

109,878

 

 

 

89,547

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

External general and administrative expenses*

 

 

25,115

 

 

 

40,016

 

 

 

25,885

 

Employee related expenses*

 

 

34,822

 

 

 

31,305

 

 

 

28,105

 

Facility and information technology related expenses*

 

 

55,911

 

 

 

53,804

 

 

 

41,448

 

Depreciation and amortization

 

 

21,925

 

 

 

20,012

 

 

 

14,147

 

Stock-based compensation

 

 

120,662

 

 

 

98,647

 

 

 

84,321

 

Interest and other income

 

 

(49,094

)

 

 

(46,676

)

 

 

(15,297

)

Income tax expense

 

 

39

 

 

 

1,366

 

 

 

3,410

 

Other segment items

 

 

16,895

 

 

 

46,821

 

 

 

(33,938

)

Net income (loss)

 

$

(376,742

)

 

$

(132,527

)

 

$

(289,088

)

* Denotes significant segment expense

Other Segment Items includes:

Change in fair value of derivative liabilities
Change in fair value of non-controlling equity investments
Change in fair value of contingent consideration liabilities
Loss from equity method investment
Milestone expense
License and Sublicenses fees