Property and Equipment

12 Months Ended

Dec. 31, 2019

Property and Equipment

Property and Equipment

10.           PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	December 31,
	2019		2018
	(in thousands)
Laboratory equipment	$	7,243	$	6,965
Office equipment and furniture		870		889
Leasehold improvements		7,949		7,949
Property and equipment, gross		16,062		15,803
Less: accumulated depreciation		(12,626)		(10,192)
Total property and equipment, net	$	3,436	$	5,611

Depreciation expense totaled $2.5 million, $2.7 million and $2.6 million for the years ended December 31, 2019, 2018 and 2017, respectively.