Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (unaudited)

v3.23.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Collaboration revenue $ 0 $ 42
Operating expenses:    
Research and development 177 154
Selling, general and administrative 31 31
Total operating expenses 208 185
Loss from operations (208) (143)
Other income (expense):    
Change in fair value of derivative liabilities (2) 66
Other income, net 14 0
Loss before income taxes (196) (77)
Income tax expense 0 0
Net loss $ (196) $ (77)
Basic net loss per share (in usd per share) $ (0.17) $ (0.07)
Diluted net loss per share (in usd per share) $ (0.17) $ (0.07)
Basic weighted-average shares outstanding (in shares) 1,170 1,126
Diluted weighted-average shares outstanding (in shares) 1,170 1,126