In millions, except per share items | Jun-30-23 | Mar-31-23 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues: | | | | | | | | |
Total revenues | | | | | | | | |
Operating expenses: | | | | | | | | |
Cost of license fees and collaboration revenue | | | | 0.5 | 0.0 | | 0.1 | |
Research and development | 12.5 | 12.4 | 10.9 | 9.6 | 12.1 | 8.0 | 10.2 | 7.2 |
General and administrative | 20.3 | 15.1 | 12.0 | 10.4 | 7.9 | 6.8 | 6.7 | 6.8 |
Total operating expenses | 32.8 | 27.5 | 22.9 | 20.5 | 20.1 | | 16.9 | |
Loss from operations before other income (expense) and income taxes | -32.8 | -25.0 | -22.9 | -5.2 | -19.5 | -14.4 | -15.7 | 7.3 |
|
Other income (expense): | | | | | | | | |
Interest income | 2.2 | 2.3 | 1.1 | 0.3 | | | 0.0 | 0.0 |
Interest expense | -0.8 | -0.7 | -0.6 | -0.5 | -0.3 | | | |
Other (expense) income, net | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Unrealized gain (loss) on equity investments | 0.0 | | | -0.1 | | | | |
Change in fair value of equity warrants issued by licensee | 0.0 | 0.0 | 0.0 | -0.3 | -0.2 | | -0.3 | -0.9 |
Total other income (expense), net | 1.4 | 1.5 | 0.4 | -0.5 | -0.7 | -0.3 | -0.3 | -0.9 |
Provision for income taxes | | | 0.0 | | 0.0 | 0.1 | 0.3 | 0.0 |
Net (loss) income | -31.4 | -23.4 | -22.5 | -5.7 | -20.2 | -14.9 | -15.7 | 6.3 |
|
Other comprehensive loss: | | | | | | | | |
Unrealized gain on marketable securities and cash equivalents | 0.0 | 0.0 | | | | | | |
Comprehensive loss | -31.4 | -23.4 | -22.5 | -5.7 | -20.2 | -14.9 | -15.7 | 6.3 |
|
Earnings Per Share [Abstract] | | | | | | | | |
Net loss per share, basic (usd per share) | ($1.17) | ($0.88) | ($0.84) | ($0.24) | ($0.98) | ($0.72) | ($0.76) | $0.31 |
Net loss per share, diluted (usd per share) | ($1.17) | ($0.88) | ($0.84) | ($0.24) | ($0.98) | ($0.72) | ($0.76) | $0.29 |
|
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | | | | | | | | |
Weighted-average shares outstanding, basic (shares) | 26.8 | 26.7 | 26.7 | 24.3 | 20.7 | 20.6 | 20.6 | 20.6 |
Weighted-average shares outstanding, diluted (shares) | 26.8 | 26.7 | 26.7 | 24.3 | 20.7 | 20.6 | 20.6 | 22.0 |