2020 Q2 Form 10-Q Financial Statement
#000156459020039295 Filed on August 11, 2020
Income Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q2 |
---|---|---|---|
Revenue | $66.99M | $5.718M | $2.047M |
YoY Change | 3172.5% | 56.19% | -7.96% |
Cost Of Revenue | $0.00 | ||
YoY Change | |||
Gross Profit | $66.99M | ||
YoY Change | |||
Gross Profit Margin | 100.0% | ||
Selling, General & Admin | $16.39M | $12.65M | $8.010M |
YoY Change | 104.57% | 47.78% | |
% of Gross Profit | 24.46% | ||
Research & Development | $79.65M | $64.98M | $29.21M |
YoY Change | 172.69% | 151.16% | |
% of Gross Profit | 118.91% | ||
Depreciation & Amortization | $1.100M | $1.000M | $800.0K |
YoY Change | 37.5% | 42.86% | -28.57% |
% of Gross Profit | 1.64% | ||
Operating Expenses | $96.04M | $77.63M | $37.82M |
YoY Change | 153.96% | 125.46% | 38.94% |
Operating Profit | -$29.05M | -$71.91M | |
YoY Change | 133.7% | ||
Interest Expense | $830.0K | $1.760M | $2.310M |
YoY Change | -64.07% | -21.78% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.070M | -$5.314M | -$450.0K |
YoY Change | 360.0% | -353.05% | |
Pretax Income | -$31.12M | -$77.22M | -$33.91M |
YoY Change | -8.22% | 169.35% | |
Income Tax | $46.00K | $16.00K | $20.00K |
% Of Pretax Income | |||
Net Earnings | -$31.17M | -$77.24M | -$33.93M |
YoY Change | -8.14% | 169.41% | 38.79% |
Net Earnings / Revenue | -46.53% | -1350.82% | -1657.45% |
Basic Earnings Per Share | -$0.27 | -$0.71 | -$3.64 |
Diluted Earnings Per Share | -$0.27 | -$0.71 | -$3.64 |
COMMON SHARES | |||
Basic Shares Outstanding | 115.0M | 109.8M | |
Diluted Shares Outstanding | 115.0M |
Balance Sheet
Concept | 2020 Q2 | 2020 Q1 | 2019 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $552.4M | $355.6M | $356.5M |
YoY Change | 54.95% | ||
Cash & Equivalents | $371.8M | $168.4M | $80.68M |
Short-Term Investments | $180.6M | $187.2M | $275.9M |
Other Short-Term Assets | $26.40M | $21.90M | $20.80M |
YoY Change | 26.92% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $578.8M | $377.5M | $377.4M |
YoY Change | 53.35% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.31M | $16.24M | $15.40M |
YoY Change | 5.92% | ||
Goodwill | $16.94M | ||
YoY Change | |||
Intangibles | $35.08M | ||
YoY Change | |||
Long-Term Investments | $0.00 | $6.100M | |
YoY Change | |||
Other Assets | $10.00M | $8.900M | $10.80M |
YoY Change | -7.41% | ||
Total Long-Term Assets | $93.48M | $99.60M | $79.40M |
YoY Change | 17.73% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $578.8M | $377.5M | $377.4M |
Total Long-Term Assets | $93.48M | $99.60M | $79.40M |
Total Assets | $672.2M | $477.1M | $456.8M |
YoY Change | 47.16% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.382M | $18.80M | $4.100M |
YoY Change | 6.88% | ||
Accrued Expenses | $38.30M | $21.70M | $18.40M |
YoY Change | 108.15% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $200.0K | $200.0K | |
YoY Change | |||
Total Short-Term Liabilities | $54.94M | $56.40M | $40.70M |
YoY Change | 34.99% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $800.0K | $800.0K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.967M | $36.30M | $13.20M |
YoY Change | -77.52% | ||
Total Long-Term Liabilities | $2.967M | $37.10M | $13.20M |
YoY Change | -77.52% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $54.94M | $56.40M | $40.70M |
Total Long-Term Liabilities | $2.967M | $37.10M | $13.20M |
Total Liabilities | $108.5M | $96.80M | $57.20M |
YoY Change | 89.61% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$476.9M | -$445.8M | |
YoY Change | |||
Common Stock | $12.00K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $563.8M | $380.3M | -$237.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $672.2M | $477.1M | $456.8M |
YoY Change | 47.16% |
Cashflow Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$31.17M | -$77.24M | -$33.93M |
YoY Change | -8.14% | 169.41% | 38.79% |
Depreciation, Depletion And Amortization | $1.100M | $1.000M | $800.0K |
YoY Change | 37.5% | 42.86% | -28.57% |
Cash From Operating Activities | -$10.64M | -$48.41M | -$24.30M |
YoY Change | -56.21% | 64.16% | -18.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.350M | $1.302M | -$2.650M |
YoY Change | -49.06% | -62.54% | -52.76% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $11.93M | $105.5M | $47.14M |
YoY Change | -74.69% | -138.98% | -152.79% |
Cash From Investing Activities | $10.58M | $104.2M | $44.48M |
YoY Change | -76.21% | -138.01% | -146.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 205.3M | 85.00K | 0.000 |
YoY Change | -99.97% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -10.64M | -48.41M | -24.30M |
Cash From Investing Activities | 10.58M | 104.2M | 44.48M |
Cash From Financing Activities | 205.3M | 85.00K | 0.000 |
Net Change In Cash | 205.3M | 55.90M | 20.18M |
YoY Change | 917.24% | 306.33% | -117.93% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.64M | -$48.41M | -$24.30M |
Capital Expenditures | -$1.350M | $1.302M | -$2.650M |
Free Cash Flow | -$9.290M | -$49.71M | -$21.65M |
YoY Change | -57.09% | 50.8% | -11.16% |
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NetIncomeLoss
|
-31167000 | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
563779000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-205218000 | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
635000 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1399000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
145000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33928000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-236967000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
423942000 | |
vir |
Reclassification Of Derivative Liability To Additional Paid In Capital
ReclassificationOfDerivativeLiabilityToAdditionalPaidInCapital
|
29245000 | ||
vir |
Stock Issued During Period Value Collaboration Agreement
StockIssuedDuringPeriodValueCollaborationAgreement
|
206699000 | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
889000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8717000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
306000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-108407000 | ||
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
563779000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-179177000 | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
702000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3852000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-62598000 | ||
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-236967000 | |
us-gaap |
Profit Loss
ProfitLoss
|
-108407000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1220000 | ||
vir |
Noncash Lease Expense
NoncashLeaseExpense
|
1646000 | ||
vir |
Change In Estimated Fair Value Of Contingent Consideration
ChangeInEstimatedFairValueOfContingentConsideration
|
27790000 | ||
vir |
Change In Estimated Fair Value Of Contingent Consideration
ChangeInEstimatedFairValueOfContingentConsideration
|
350000 | ||
vir |
Increase Decrease In Payment Of Contingent Consideration In Excess Of Acquisition Date Fair Value
IncreaseDecreaseInPaymentOfContingentConsiderationInExcessOfAcquisitionDateFairValue
|
-6453000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-16796000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
784000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8717000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3852000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
11000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2159000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
653000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-62598000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2061000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1533000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
612000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
612000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-818000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
361000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
212000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1342000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-833000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
6791000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1691000 | ||
vir |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-1557000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-4011000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
2902000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-59048000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-53792000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2645000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6131000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
129899000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
360021000 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
247168000 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
136471000 | ||
us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
180000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
114804000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-229681000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
206699000 | ||
vir |
Payment Of Contingent Consideration
PaymentOfContingentConsideration
|
3547000 | ||
vir |
Payments Related To Sale Lease Back Obligation
PaymentsRelatedToSaleLeaseBackObligation
|
115000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
625000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2388000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
702000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
205425000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
317412000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
261181000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
33939000 | ||
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
122816000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59362000 | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
383997000 | |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
93301000 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
312000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
526000 | ||
vir |
Reclassification Of Derivative Liability To Additional Paid In Capital Upon Achievement Of Development Milestone
ReclassificationOfDerivativeLiabilityToAdditionalPaidInCapitalUponAchievementOfDevelopmentMilestone
|
29245000 | ||
vir |
Deferred Offering Costs In Accounts Payable And Accrued Liabilities
DeferredOfferingCostsInAccountsPayableAndAccruedLiabilities
|
690000 | ||
vir |
Deferred Offering Costs In Accounts Payable And Accrued Liabilities
DeferredOfferingCostsInAccountsPayableAndAccruedLiabilities
|
2284000 | ||
vir |
Advanced Proceeds Applied To Convertible Preferred Stock Issuance
AdvancedProceedsAppliedToConvertiblePreferredStockIssuance
|
10140000 | ||
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
80678000 | |
CY2019Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
11620000 | |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
On September 16, 2019, the Company’s board of directors approved an amendment to the Company’s amended and restated certificate of incorporation to effect a 1-for-4.5 reverse split (“Reverse Split”) of shares of the Company’s common and convertible preferred stock, which was effected on September 27, 2019. | ||
CY2019Q4 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
126400000 | |
CY2020Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-476900000 | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
552400000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expense during the reporting periods. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could materially differ from those estimates. </p> | ||
vir |
Lease Arrangement Contractual Expiration Beginning Year
LeaseArrangementContractualExpirationBeginningYear
|
2020 | ||
CY2020Q2 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
38560000 | |
CY2019Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
26495000 | |
us-gaap |
Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
|
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Embedded Derivatives</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company evaluates certain of its acquisitions, collaborative arrangements and other business development transactions to determine if embedded components of these contracts meet the definition of a derivative under Topic ASC 815, Derivatives and Hedging. In general, embedded derivatives are required to be bifurcated from the host instrument if (i) the embedded feature is not clearly and closely related to the host contract and (ii) the embedded feature, if considered a freestanding instrument, meets the definition of a derivative. The embedded derivatives are reported on the condensed consolidated balance sheets at their estimated fair values. Specifically, any contingent consideration related to an asset acquisition that meets the definition of an embedded derivative are classified as contingent consideration on the condensed consolidated balance sheets. Any change in estimated fair values, as determined at each measurement period, are recorded in the condensed consolidated statements of operations based on the nature of the related contingencies.<span style="font-size:8pt;"> </span>The changes in fair values of an embedded derivative related to achievement of various milestones related to product candidates are recorded within research and development expense. Otherwise, the changes in fair values are recorded within other income (expense), net.</p> | ||
CY2020Q2 | vir |
Financial Assets Amortized Cost Basis
FinancialAssetsAmortizedCostBasis
|
562111000 | |
CY2020Q2 | vir |
Financial Assets Gross Unrealized Holding Gains
FinancialAssetsGrossUnrealizedHoldingGains
|
433000 | |
CY2020Q2 | vir |
Financial Assets Gross Unrealized Holding Losses
FinancialAssetsGrossUnrealizedHoldingLosses
|
3000 | |
CY2020Q2 | vir |
Financial Assets Fair Value
FinancialAssetsFairValue
|
562541000 | |
CY2019Q4 | vir |
Financial Assets Amortized Cost Basis
FinancialAssetsAmortizedCostBasis
|
406883000 | |
CY2019Q4 | vir |
Financial Assets Gross Unrealized Holding Gains
FinancialAssetsGrossUnrealizedHoldingGains
|
140000 | |
CY2019Q4 | vir |
Financial Assets Gross Unrealized Holding Losses
FinancialAssetsGrossUnrealizedHoldingLosses
|
5000 | |
CY2019Q4 | vir |
Financial Assets Fair Value
FinancialAssetsFairValue
|
407018000 | |
us-gaap |
Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
400000 | ||
CY2019Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
12400000 | |
CY2020Q1 | vir |
Fair Value Reclassification Of Derivative Liability To Additional Paid In Capital Upon Achievement Of Development Milestone
FairValueReclassificationOfDerivativeLiabilityToAdditionalPaidInCapitalUponAchievementOfDevelopmentMilestone
|
29200000 | |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4832000 | |
CY2020Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16311000 | |
CY2020Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
800000 | |
CY2020Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
23204000 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
21140000 | |
CY2020Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6893000 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16308000 | |
CY2020Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1100000 | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2100000 | ||
CY2019Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
800000 | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1500000 | ||
CY2019Q3 | vir |
Sale Leaseback Transaction Proceeds From Financing Obligations
SaleLeasebackTransactionProceedsFromFinancingObligations
|
1200000 | |
CY2020Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
200000 | |
CY2020Q2 | vir |
Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
|
20945000 | |
CY2019Q4 | vir |
Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
|
12530000 | |
CY2020Q2 | vir |
Payroll And Related Expenses Current
PayrollAndRelatedExpensesCurrent
|
6336000 | |
CY2019Q4 | vir |
Payroll And Related Expenses Current
PayrollAndRelatedExpensesCurrent
|
9410000 | |
CY2020Q2 | vir |
Excess Funds Payable Under Grant Agreements Current
ExcessFundsPayableUnderGrantAgreementsCurrent
|
3820000 | |
CY2019Q4 | vir |
Excess Funds Payable Under Grant Agreements Current
ExcessFundsPayableUnderGrantAgreementsCurrent
|
94000 | |
CY2020Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3138000 | |
CY2020Q2 | vir |
Restricted Stock Liability Current
RestrictedStockLiabilityCurrent
|
546000 | |
CY2019Q4 | vir |
Restricted Stock Liability Current
RestrictedStockLiabilityCurrent
|
1434000 | |
CY2020Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
244000 | |
CY2019Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
237000 | |
CY2020Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
2936000 | |
CY2019Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1634000 | |
CY2020Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
595000 | |
CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1156000 | |
CY2020Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1141000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2281000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2200000 | ||
vir |
Lease Arrangement Contractual Expiration Ending Year
LeaseArrangementContractualExpirationEndingYear
|
2028 | ||
us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain lease agreements also provide the Company with the option to renew for additional periods ranging from one to five years. | ||
CY2020Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
162000 | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
317000 | ||
CY2020Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
646000 | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1240000 | ||
CY2020Q2 | us-gaap |
Lease Cost
LeaseCost
|
1949000 | |
us-gaap |
Lease Cost
LeaseCost
|
3838000 | ||
CY2020Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.077 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2162000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
4142000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
4210000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
4262000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2998000 | |
CY2020Q2 | vir |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
1058000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
18832000 | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2932000 | |
CY2020Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
15900000 | |
CY2020Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
15177000 | |
CY2020Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3138000 | |
CY2020Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
12762000 | |
CY2020Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
15900000 | |
CY2019Q2 | vir |
Operating And Finance Rent Expense
OperatingAndFinanceRentExpense
|
1000000.0 | |
vir |
Operating And Finance Rent Expense
OperatingAndFinanceRentExpense
|
2000000.0 | ||
CY2016Q3 | us-gaap |
Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
|
2026-09-11 | |
CY2020Q2 | vir |
Common Stock Shares Issued For Conversion Of Warrants
CommonStockSharesIssuedForConversionOfWarrants
|
211774 | |
CY2019Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.894 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.894 | ||
CY2019Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.025 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.025 | ||
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5750000 | |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1399000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8717000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3852000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9777731 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
98320920 |