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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Operations        
Revenue $ 31,300,000 $ 5,500,000 $ 55,500,000 $ 11,100,000
Operating expenses:        
Research and development 75,300,000 43,000,000.0 139,200,000 77,900,000
General and administrative 24,300,000 14,400,000 44,500,000 26,700,000
Total operating expenses 99,600,000 57,400,000 183,700,000 104,600,000
Loss from operations (68,300,000) (51,900,000) (128,200,000) (93,500,000)
Other income (expenses)        
Other (expense) income, net (100,000) 1,200,000 (200,000) 1,400,000
Interest income, net 1,800,000 400,000 2,900,000 800,000
Total other income 1,700,000 1,600,000 2,700,000 2,200,000
Net loss before income taxes (66,600,000) (50,300,000) (125,500,000) (91,300,000)
Income tax expense (3,400,000) 0 (7,900,000) 0
Net loss $ (70,000,000.0) $ (50,300,000) $ (133,400,000) $ (91,300,000)
Net loss per common share, basic (in dollars per share) $ (1.32) $ (1.03) $ (2.51) $ (1.87)
Net loss per common share, diluted (in dollars per share) $ (1.32) $ (1.03) $ (2.51) $ (1.87)
Weighted average common shares outstanding, basic (in shares) 53.2 48.9 53.1 48.7
Weighted average common shares outstanding, diluted (in shares) 53.2 48.9 53.1 48.7
Condensed Consolidated Statements of Comprehensive Loss        
Net loss $ (70,000,000.0) $ (50,300,000) $ (133,400,000) $ (91,300,000)
Other comprehensive loss:        
Unrealized loss on available-for-sale securities (3,300,000) (200,000) (17,400,000) (1,000,000.0)
Comprehensive loss $ (73,300,000) $ (50,500,000) $ (150,800,000) $ (92,300,000)