Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

9. Property and Equipment

Property and equipment are held predominantly in the US and consisted of the following:

	December 31,
(In thousands)	2021		2020
Computer equipment	$	2,341	$	2,314
Software		2,063		2,076
Furniture and fixtures		3,605		3,812
Laboratory equipment		20,087		29,753
Leasehold improvements		24,053		24,275
Subtotal		52,149		62,230
Less: accumulated depreciation		(38,492)		(45,808)
Property and equipment, net	$	13,657	$	16,422

For the year ended December 31, 2021, 2020, and 2019, depreciation expense for property and equipment was $3.5 million, $3.3 million, and $3.3 million, respectively.