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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Stock-Based Compensation.  
Stock-Based Compensation Expense

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

(In thousands)

Research and development

$

1,410

$

1,631

$

2,890

$

3,078

Selling, general and administrative

 

1,707

 

2,191

 

3,498

 

4,220

Total

$

3,117

$

3,822

$

6,388

$

7,298

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

    

Three Months Ended

Six Months Ended

June 30, 2021

June 30, 2021

Estimated weighted-average fair value

$

11.29

$

12.79

Weighted-average assumptions:

 

 

Expected volatility

 

81

%  

 

81

%

Expected life, in years

 

6.1

 

6.1

Risk-free interest rate

 

0.98

%  

 

0.89

%

Expected dividend yield

 

%  

 

%

Schedule of Stock Option Activity

    

    

Weighted- 

    

    

Average 

Aggregate 

Exercise 

Remaining 

Intrinsic 

Options 

Price per 

Contractual Life 

Value 

Outstanding

Share

(In years)

(In thousands)

Balance at December 31, 2020

 

11,938,528

$

11.92

 

  

 

  

Granted

 

307,450

 

18.53

 

  

 

  

Exercised

 

(794,808)

 

9.40

 

  

 

  

Forfeited

 

(135,617)

 

15.42

 

  

 

  

Balance at June 30, 2021

 

11,315,553

$

12.24

 

5.7

$

33,730

Vested and expected to vest at June 30, 2021

 

11,019,841

$

12.20

 

5.6

$

33,217

Exercisable at June 30, 2021

 

8,719,802

$

11.82

 

4.9

$

29,075