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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenues $ 110,708 $ 10,397 $ 130,609 $ 48,029
Costs and expenses:        
Cost of product sales 168 85 614 456
Cost of manufacturing services 1,702 3,274 6,195 7,603
Research and development 40,543 30,131 138,304 119,232
Selling, general and administrative 14,104 12,409 43,237 39,628
Total costs and expenses 56,517 45,899 188,350 166,919
Gain (loss) from operations 54,191 (35,502) (57,741) (118,890)
Gain on modification of debt 0 50,000 0 150,930
Interest and other income 2,118 3,056 7,335 6,404
Interest and other expense 0 0 (1,139) (1,430)
Net loss 56,309 17,554 (51,545) 37,014
Other comprehensive income (loss):        
Unrealized gain (loss) on investments 38 38 20 (30)
Comprehensive income (loss) $ 56,347 $ 17,592 $ (51,525) $ 36,984
Net income (loss) per common share:        
Basic net loss per common share (in usd per share) $ 0.90 $ 0.28 $ (0.82) $ 0.60
Diluted net loss per common share (in usd per share) $ 0.90 $ 0.28 $ (0.82) $ 0.60
Weighted average common shares outstanding:        
Basic weighted average common shares outstanding (in shares) 62,744,005 61,980,680 62,566,723 61,890,824
Diluted weighted average common shares outstanding (in shares) 62,865,841 62,244,602 62,566,723 62,090,343
Collaborative and other agreements        
Revenues:        
Revenues $ 101,408 $ 895 $ 105,180 $ 24,024
Product sales, net        
Revenues:        
Revenues 4,161 4,695 14,270 13,247
Contract Manufacturing        
Revenues:        
Revenues 4,573 4,462 9,742 9,664
Government Contract        
Revenues:        
Revenues $ 566 $ 345 $ 1,417 $ 1,094