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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (16,941) $ (28,160)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 243 198
Stock-based compensation expense 2,089 6,806
Revaluation of contingent consideration 2,800 (800)
Changes in operating assets and liabilities:    
Accounts receivable (75) (202)
Prepaid expenses and other assets 2,044 (874)
Accounts payable 1,932 (2,161)
Accrued expenses (12,907) (1,160)
Net cash used in operating activities (20,815) (26,353)
Cash flows from investing activities:    
Purchases of property and equipment (135) (553)
Purchases of marketable securities   (28,524)
Proceeds from sales and maturities of marketable securities 16,968 54,875
Net cash provided by investing activities 16,833 25,798
Cash flows from financing activities:    
Payments of employee withholding taxes related to restricted stock unit award vesting (55)  
Net cash used in financing activities (55)  
Net decrease in cash and cash equivalents (4,037) (555)
Cash and cash equivalents at beginning of period 39,878 45,277
Cash and cash equivalents at end of period $ 35,841 44,722
Supplemental disclosure of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable   $ 41