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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 191,873 $ 345,209
Marketable securities 202,261 112,230
Accounts receivable, net 27,022 32,439
Prepaid expenses 18,542 18,752
Other current assets 7,179 10,196
Total current assets 446,877 518,826
Marketable securities 370,659 391,907
Accounts receivable, net 2,084 2,262
Property and equipment, net 135,264 131,547
Operating lease right-of-use assets 59,925 60,904
Restricted cash 2,030 2,030
Other assets 8,529 6,428
Total assets 1,025,368 1,113,904
Current liabilities    
Accounts payable 24,708 11,387
Accrued expenses and other current liabilities 48,423 76,111
Deferred revenue 3,333 3,333
Operating lease liabilities 2,121 1,752
Liability related to sale of future royalties 41,352 37,889
Total current liabilities 119,937 130,472
Operating lease liabilities 85,568 84,929
Liability related to sale of future royalties 122,514 133,460
Other liabilities 7,680 745
Total liabilities 335,699 349,606
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000 shares authorized, no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock; $0.0001 par value; 100,000 shares authorized at March 31, 2022 and December 31, 2021; 42,982 and 42,831 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 939,570 928,095
Accumulated other comprehensive loss (11,950) (2,569)
Accumulated deficit (237,955) (161,232)
Total stockholders’ equity 689,669 764,298
Total liabilities and stockholders’ equity $ 1,025,368 $ 1,113,904