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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 265,602 $ 413,083
Short-term investments 915,726 1,078,257
Other current assets 21,598 16,643
Total current assets 1,202,926 1,507,983
Property and equipment, net 17,163 15,824
Long-term investment 2,635 8,218
Right-of-use asset 36,823 37,680
Other long-term assets 20,243 19,049
Total assets 1,279,790 1,588,754
Current liabilities    
Accounts payable 24,269 35,163
Accrued liabilities 94,878 108,495
Total current liabilities 119,147 143,658
Lease liability 45,823 45,879
Other liabilities 2,816 2,179
Total liabilities 167,786 191,716
Commitments and contingencies (see Note 9)
Shareholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; none issued and outstanding at both June 30, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 100,000,000 authorized; 55,592,631 and 55,356,904 issued and outstanding at June 30, 2022 and December 31, 2021, respectively 56 55
Additional paid-in capital 3,185,444 3,099,937
Accumulated other comprehensive income 3,357 9,068
Accumulated deficit (2,076,853) (1,712,022)
Total shareholders' equity 1,112,004 1,397,038
Total liabilities and shareholders' equity $ 1,279,790 $ 1,588,754