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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 70,091 $ 96,952
Marketable securities 261,726 267,690
Accounts receivable 18,861 28,082
Prepaid expenses 15,521 13,900
Other current assets 23,003 9,352
Total current assets 389,202 415,976
Marketable securities 141,709 200,560
Accounts receivable, net 1,300 1,504
Property and equipment, net 141,573 141,685
Operating lease right-of-use assets 63,726 65,116
Restricted cash 2,030 2,030
Other assets 8,290 6,397
Total assets 747,830 833,268
Current liabilities    
Accounts payable 23,283 27,213
Accrued expenses and other current liabilities 31,709 46,794
Deferred revenue 1,311 1,829
Operating lease liabilities 6,303 5,997
Liability related to sale of future royalties 49,728 48,601
Total current liabilities 112,334 130,434
Operating lease liabilities 86,992 88,802
Liability related to sale of future royalties 77,382 89,005
Other liabilities 5,983 8,832
Total liabilities 282,691 317,073
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000 shares authorized, no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock; $0.0001 par value; 100,000 shares authorized at March 31, 2023 and December 31, 2022; 43,465 and 43,299 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 984,986 973,145
Accumulated other comprehensive loss (11,622) (15,401)
Accumulated deficit (508,229) (441,553)
Total stockholders’ equity 465,139 516,195
Total liabilities and stockholders’ equity $ 747,830 $ 833,268