Subsequent Event

3 Months Ended

Mar. 31, 2021

Subsequent Events [Abstract]

Subsequent Event

9. Subsequent Event

Since the end of the first quarter, through May 4, 2021, the Company has sold 521,426 shares under the 2020 Sales Agreement (described in Note 6) for an aggregate of approximately $62.6 million in gross proceeds. Net proceeds to the Company were approximately $61.9 million after deducting commissions and other transaction costs. Approximately $64.6 million remained reserved under the Company’s shelf registration statement and the applicable prospectus supplement for possible future issuance under the 2020 Sales Agreement.