Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| Revenues | 226.6 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Gross profit | 226.6 | 0.0 | 0.0 |
| Gross margin | 100.0% | | |
| Research and development | 82.1 | 33.5 | 9.1 |
| General and administrative | 19.0 | 12.0 | 4.0 |
| EBIT | 125.5 | -45.5 | -13.1 |
| EBIT margin | 55.4% | | |
| Pre-tax income | 129.6 | -45.6 | -13.3 |
| Income taxes | 31.3 | 0.3 | 0.1 |
| Tax rate | 24.1% | | |
| Net income | 98.3 | -45.9 | -13.4 |
| Net margin | 43.4% | | |
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| Diluted EPS | $1.02 | ($0.62) | ($0.34) |
| Shares outstanding (diluted) | 96.0 | 73.9 | 38.9 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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