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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 22,241 $ 10,797 $ 35,434 $ 19,901
Costs and expenses:        
Cost of product sales 0 176 0 446
Cost of manufacturing services 8,906 2,647 14,306 4,493
Research and development 40,791 51,732 80,489 97,760
Selling, general and administrative 9,302 14,423 20,020 29,133
Total costs and expenses 58,999 68,978 114,815 131,832
Loss from operations (36,758) (58,181) (79,381) (111,931)
Interest and other income 1,414 2,523 3,093 5,216
Interest and other expense (802) (6) (894) (1,139)
Loss before income taxes (36,146) (55,664) (77,182) (107,854)
Income tax provision 105 0 105 0
Net loss (36,251) (55,664) (77,287) (107,854)
Other comprehensive loss:        
Unrealized (loss) gain on investments (6) 11 (12) (18)
Comprehensive loss $ (36,257) $ (55,653) $ (77,299) $ (107,872)
Net income (loss) per common share:        
Basic net loss per common share (in usd per share) $ (0.57) $ (0.89) $ (1.23) $ (1.73)
Diluted net loss per common share (in usd per share) $ (0.57) $ (0.89) $ (1.23) $ (1.73)
Weighted average common shares outstanding:        
Basic weighted average common shares outstanding (in shares) 63,136,057 62,663,677 63,051,207 62,477,108
Diluted weighted average common shares outstanding (in shares) 63,136,057 62,663,677 63,051,207 62,477,108
Collaborative and other agreements        
Revenues:        
Total revenues $ 6,869 $ 2,163 $ 13,911 $ 3,772
Product sales, net        
Revenues:        
Total revenues 0 5,248 0 10,109
Contract manufacturing        
Revenues:        
Total revenues 15,372 2,893 21,523 5,169
Government agreements        
Revenues:        
Total revenues $ 0 $ 493 $ 0 $ 851