2021 Q4 Form 10-K Financial Statement

#000144702822000019 Filed on March 03, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $3.206M $10.99M $2.390M
YoY Change 34.14% 58.92% 47.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.698M $17.14M $3.540M
YoY Change 32.71% 16.41% 88.3%
% of Gross Profit
Research & Development $20.44M $65.50M $14.54M
YoY Change 40.56% 32.76% 17.07%
% of Gross Profit
Depreciation & Amortization $427.0K $1.800M $490.0K
YoY Change -12.86% -10.0% -3.92%
% of Gross Profit
Operating Expenses $24.00M $84.51M $18.56M
YoY Change 29.32% 30.58% 25.41%
Operating Profit -$73.52M
YoY Change 27.19%
Interest Expense -$525.0K $2.857M -$870.0K
YoY Change -39.66% -28.77% -92.48%
% of Operating Profit
Other Income/Expense, Net -$2.725M
YoY Change -54.12%
Pretax Income -$21.32M -$7.700M -$17.04M
YoY Change 25.12% -87.92% -30.87%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$21.32M -$76.25M -$17.04M
YoY Change 25.12% 19.61% -30.88%
Net Earnings / Revenue -665.03% -693.91% -712.97%
Basic Earnings Per Share -$0.83
Diluted Earnings Per Share -$159.8K -$0.83 -$197.4K
COMMON SHARES
Basic Shares Outstanding 135.3M shares 106.2M shares 84.91M shares
Diluted Shares Outstanding 106.2M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.3M $155.3M $123.3M
YoY Change 26.0% 25.97% 35.71%
Cash & Equivalents $109.3M $109.3M $52.25M
Short-Term Investments $46.04M $46.04M $71.02M
Other Short-Term Assets $4.445M $4.445M $3.100M
YoY Change 43.39% 43.39% 72.22%
Inventory
Prepaid Expenses
Receivables $899.0K $899.0K $1.312M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $160.7M $160.7M $127.7M
YoY Change 25.81% 25.81% 36.1%
LONG-TERM ASSETS
Property, Plant & Equipment $5.983M $8.075M $6.927M
YoY Change -13.63% -13.17% -20.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $35.69M $0.00
YoY Change
Other Assets $61.00K $61.00K $44.00K
YoY Change 38.64% -84.98%
Total Long-Term Assets $43.82M $43.82M $9.376M
YoY Change 367.41% 366.21% -19.91%
TOTAL ASSETS
Total Short-Term Assets $160.7M $160.7M $127.7M
Total Long-Term Assets $43.82M $43.82M $9.376M
Total Assets $204.5M $204.5M $137.1M
YoY Change 49.17% 49.15% 29.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.174M $3.174M $3.000M
YoY Change 5.8% 5.8% 25.0%
Accrued Expenses $8.021M $8.021M $6.300M
YoY Change 27.32% 27.32% 21.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.22M $11.22M $9.541M
YoY Change 17.61% 18.12% 21.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.83M $23.83M $25.60M
YoY Change -6.93% -6.93% 2.4%
Total Long-Term Liabilities $23.83M $23.83M $25.60M
YoY Change -6.93% -6.93% 2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.22M $11.22M $9.541M
Total Long-Term Liabilities $23.83M $23.83M $25.60M
Total Liabilities $35.05M $35.05M $35.11M
YoY Change -0.19% -0.15% 7.08%
SHAREHOLDERS EQUITY
Retained Earnings -$1.134B -$1.046B
YoY Change 8.45% 7.82%
Common Stock $1.287B $985.9M
YoY Change 30.5% 9.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.4M $169.4M $102.0M
YoY Change
Total Liabilities & Shareholders Equity $204.5M $204.5M $137.1M
YoY Change 49.17% 49.15% 29.89%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$21.32M -$76.25M -$17.04M
YoY Change 25.12% 19.61% -30.88%
Depreciation, Depletion And Amortization $427.0K $1.800M $490.0K
YoY Change -12.86% -10.0% -3.92%
Cash From Operating Activities -$19.61M -$67.53M -$15.01M
YoY Change 30.62% 31.28% 12.43%
INVESTING ACTIVITIES
Capital Expenditures -$58.00K $809.0K -$150.0K
YoY Change -61.33% 253.28% 150.0%
Acquisitions
YoY Change
Other Investing Activities -$8.063M -$11.87M -$49.82M
YoY Change -83.82% -19.15% -15.21%
Cash From Investing Activities -$8.121M -$12.68M -$49.98M
YoY Change -83.75% -14.96% -15.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $134.7M
YoY Change 56.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.12M $137.2M 20.21M
YoY Change 192.53% 58.2% 45.4%
NET CHANGE
Cash From Operating Activities -19.61M -$67.53M -15.01M
Cash From Investing Activities -8.121M -$12.68M -49.98M
Cash From Financing Activities 59.12M $137.2M 20.21M
Net Change In Cash 31.39M $57.03M -44.78M
YoY Change -170.11% 178.85% -23.15%
FREE CASH FLOW
Cash From Operating Activities -$19.61M -$67.53M -$15.01M
Capital Expenditures -$58.00K $809.0K -$150.0K
Free Cash Flow -$19.55M -$68.34M -$14.86M
YoY Change 31.55% 32.26% 11.81%

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ProceedsFromSaleMaturityAndCollectionsOfInvestments
70350000 USD
CY2020 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
73398000 USD
CY2021 us-gaap Payments To Acquire Equity Method Investments
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0 USD
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2500000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
809000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
229000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12678000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-14909000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2110000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
449000 USD
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
461000 USD
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
134665000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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137236000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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86746000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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56000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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57031000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20452000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52251000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31799000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109282000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52251000 USD
CY2021 us-gaap Dividends Preferred Stock Cash
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12139000 USD
CY2020 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
12123000 USD
CY2021 us-gaap Nature Of Operations
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Organization<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Description of the Business</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Arbutus Biopharma Corporation (“Arbutus” or the “Company”) is a clinical-stage biopharmaceutical company leveraging its extensive virology expertise to develop novel therapeutics that target specific viral diseases. The Company’s current focus areas include Hepatitis B virus (“HBV”), SARS-CoV-2 and other coronaviruses. In HBV, the Company is developing an RNA interference (“RNAi”) therapeutic, oral capsid inhibitor, oral PD-L1 inhibitor, and oral RNA destabilizer that it intends to combine to provide a functional cure for patients with chronic HBV infection (“cHBV”) by suppressing viral replication, reducing surface antigen and reawakening the immune system. The Company believes its lead compound, AB-729, is the only RNAi therapeutic with evidence of immune re-awakening, and is currently being evaluated in multiple phase 2 clinical trials. The Company has an ongoing drug discovery and development program directed to identifying novel, orally active agents for treating coronaviruses (including SARS-CoV-2). The Company is also exploring oncology applications for its internal PD-L1 portfolio.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Liquidity</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2021, the Company had an aggregate of $191.0 million in cash, cash equivalents and investments in marketable securities. In January 2022, the Company received a $40 million upfront payment and a $15 million equity investment from Qilu Pharmaceuticals Co., Ltd. (“Qilu”) as part of a technology transfer and exclusive licensing agreement to develop and commercialize AB-729 in China. The Company had no outstanding debt as of December 31, 2021. The Company believes it has sufficient cash resources to fund its operations for at least the next 12 months. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The success of the Company is dependent on obtaining the necessary regulatory approvals to bring its products to market and achieve profitable operations. The Company’s research and development activities and the commercialization of its products are dependent on its ability to successfully complete these activities and to obtain adequate financing through a combination of financing activities and operations. It is not possible to predict either the outcome of the Company’s existing or future research and development programs or the Company’s ability to continue to fund these programs in the future.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">COVID-19 Impact </span></div>The impact of the COVID-19 pandemic has been, and will likely continue to be, extensive in many aspects of society. The pandemic has resulted in and will likely continue to result in significant disruptions to businesses. Measures implemented around the world in attempts to slow the spread of COVID-19 have had, and will likely continue to have, a major impact on clinical development, at least in the near-term, including shortages and delays in the supply chain and prohibitions in certain countries on enrolling patients in new clinical trials. While the Company has been able to progress with its clinical and pre-clinical activities to date, it is not possible to predict if the COVID-19 pandemic will materially impact the Company’s plans and timelines in the future.
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
191000000 USD
CY2021Q4 us-gaap Long Term Debt
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0 USD
CY2021Q4 abus Number Of Wholly Owned Subsidiaries
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CY2021 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the reported amounts of assets, liabilities, revenue, expenses and contingent liabilities as of the end or during the reporting period. Actual results could significantly differ from those estimates. Significant estimates in the accompanying consolidated financial statements impact contingent consideration, income tax recoveries, stock-based compensation, clinical trial accruals and the sale of future royalties liability.</span></div>
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2021Q4 us-gaap Equity Method Investments
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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31800000 shares
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CY2020 us-gaap Operating Lease Expense
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CY2021 us-gaap Preferred Stock Dividend Rate Percentage
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22833922 shares
CY2021 us-gaap Concentration Risk Credit Risk
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially subject the Company to credit risk consist primarily of cash, cash equivalents and marketable securities. The Company holds these investments in highly rated financial institutions, and, by policy, limits the amounts of credit exposure to any one financial institution. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to any significant credit risk on these funds. The Company has no off-balance sheet concentrations of credit risk, such as foreign currency exchange contracts, option contracts or other hedging arrangements.</span></div>
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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1900000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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0 USD
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15000 USD
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CY2021 abus Fixed Lease Cost
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CY2020 us-gaap Variable Lease Cost
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P5Y2M12D
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CY2021 us-gaap Operating Lease Payments
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CY2020 us-gaap Operating Lease Payments
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657000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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616000 USD
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635000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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654000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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134000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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3278000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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664000 USD
CY2021Q4 us-gaap Operating Lease Liability
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2614000 USD
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2021Q4 abus Accrued Payroll Current
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250000 USD
abus Percent Of Costs Funded By Tpc
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abus Maximum Contribution For Product
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CY2020 abus Liability From Sale Of Future Royalties Non Cash Royalty Income
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3395000 USD
CY2021 abus Liability From Sale Of Future Royalties Non Cash Expense
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2850000 USD
CY2020 abus Liability From Sale Of Future Royalties Non Cash Expense
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3957000 USD
CY2021Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
16296000 USD
CY2020Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
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19554000 USD
abus Maximum Contribution For Product
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9300000 CAD
CY2021 abus Cumulative Contributionfor Product
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2700000 USD
CY2021 abus Cumulative Contributionfor Product
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3700000 CAD
CY2021 abus Royalty Guarantees Commitments Percentage
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0.025
CY2021Q4 abus Alnylam Entitlements
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2 product
CY2006Q2 abus Number Of Chemotherapy Products With Worldwide Licenses
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3 chemotherapy_products
CY2021 us-gaap Revenues
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10988000 USD
CY2020 us-gaap Revenues
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1500000 shares
CY2021Q4 abus Common Stock Discount On Shares Percentage
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CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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300000 USD
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P2Y8M12D
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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390000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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4292000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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622000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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15928000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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12033000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Investment
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611000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
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0 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4840000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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3716000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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456000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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450000 USD
CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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11700000 USD
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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3800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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3900000 USD
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11700000 USD
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-61900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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90255000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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74351000 USD
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
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16968000 USD
CY2020Q4 us-gaap Deferred Tax Assets In Process Research And Development
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15812000 USD
CY2021Q4 abus Deferred Tax Asset Book Amortization In Excess Of Tax
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634000 USD
CY2020Q4 abus Deferred Tax Asset Book Amortization In Excess Of Tax
DeferredTaxAssetBookAmortizationInExcessOfTax
737000 USD
CY2021Q4 abus Deferred Tax Asset Revenue Recognized For Tax Purposes In Excess Of Revenue Recognized For Accounting Purposes
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4400000 USD
CY2020Q4 abus Deferred Tax Asset Revenue Recognized For Tax Purposes In Excess Of Revenue Recognized For Accounting Purposes
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5279000 USD
CY2021Q4 abus Deferred Tax Asset Tax Value In Excess Of Accounting Value In Lease Inducements
DeferredTaxAssetTaxValueInExcessOfAccountingValueInLeaseInducements
549000 USD
CY2020Q4 abus Deferred Tax Asset Tax Value In Excess Of Accounting Value In Lease Inducements
DeferredTaxAssetTaxValueInExcessOfAccountingValueInLeaseInducements
627000 USD
CY2021Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
3375000 USD
CY2020Q4 us-gaap Deferred Tax Assets Equity Method Investments
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3375000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3741000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3897000 USD
CY2021Q4 abus Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Stock Options
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsStockOptions
3309000 USD
CY2020Q4 abus Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Stock Options
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsStockOptions
2457000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1341000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1218000 USD
CY2021Q4 abus Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
130724000 USD
CY2020Q4 abus Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
114795000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
130724000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
114795000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2021Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
22833922 shares

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