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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 181,724 $ 187,750
Marketable securities 105,113 59,622
Accounts receivable 10,061 262
Prepaid expenses and other current assets 3,741 6,447
Total current assets 300,639 254,081
Marketable securities 68,215 3,000
Property and equipment, net 18,935 20,626
Restricted cash 2,074 1,750
Operating lease right-of-use assets 55,385 55,673
Investment in equity securities 41,200  
Equity method investment 8,205  
Intangible assets, net 26,009 27,696
In-process research & development 36,550 39,295
Goodwill 117 22,441
Other assets 6,474 4,440
Total assets 563,803 429,002
Current liabilities:    
Accounts payable 8,580 3,995
Accrued and other current liabilities 17,104 15,674
Operating lease liabilities 4,401 3,045
Contingent value rights liability 10,000  
Deferred revenue   95
Total current liabilities 40,085 22,809
Contingent value rights liability - non-current 24,591 13,780
Contingent consideration liability 5,160 1,800
Deferred tax liabilities 735 16,377
Operating lease liabilities, net of current maturities 39,589 38,709
Other long-term liabilities   905
Total liabilities 110,160 94,380
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized as of December 31, 2021 and 2020; no shares issued and outstanding as of December 31, 2021 and 2020
Common stock, $0.0001 par value; 300,000 shares authorized as of December 31, 2021 and 2020; 54,761 and 42,282 shares issued and outstanding as of December 31, 2021 and 2020, respectively 5 4
Additional paid-in capital 685,459 463,436
Accumulated deficit (231,766) (128,829)
Accumulated other comprehensive income (loss) (55) 11
Total stockholders’ equity 453,643 334,622
Total liabilities and stockholders’ equity $ 563,803 $ 429,002