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Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 8,520 $ 16,924 $ 47,234 $ 40,010
Operating expenses        
Research and development 62,108 45,669 181,006 126,660
General and administrative 14,331 15,269 39,423 45,780
Total operating expenses 76,439 60,938 220,429 172,440
Loss from operations (67,919) (44,014) (173,195) (132,430)
Interest income 4,875 4,550 13,882 9,952
Unrealized gain on equity securities 0 694 0 2,023
Non-cash interest expense related to the sale of future royalties (7,910) (5,936) (22,380) (6,378)
Interest and other income (expense), net 22,167 (2,739) 26,683 (8,640)
Loss before provision for income taxes (48,787) (47,445) (155,010) (135,473)
Provision for income taxes 0 1,839 8 2,385
Net loss $ (48,787) $ (49,284) $ (155,018) $ (137,858)
Net loss per share, basic $ (0.59) $ (0.81) $ (2.07) $ (2.3)
Net loss per share, diluted $ (0.59) $ (0.81) $ (2.07) $ (2.3)
Weighted-average shares used in computing basic net loss per share 82,043,671 60,599,025 74,934,737 59,894,181
Weighted-average shares used in computing diluted net loss per share 82,043,671 60,599,025 74,934,737 59,894,181