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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 206,557 $ 162,700
Marketable securities 923,028 1,109,794
Prepaid expenses and other current assets 58,850 50,826
Collaboration receivable - related party 15,002 13,660
Total current assets 1,203,437 1,336,980
Property and equipment, net 2,663 2,898
Restricted cash 1,269 1,269
Right-of-use operating asset 9,062 10,532
Other long-term assets 4,255 4,770
Total assets 1,220,686 1,356,449
Current liabilities:    
Accounts payable 12,263 18,950
Accrued expenses 64,745 72,666
Operating lease liability, current portion 7,684 7,643
Total current liabilities 84,692 99,259
Operating lease liability, net of current portion 2,763 4,491
Other liabilities 102 100
Total liabilities 87,557 103,850
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at March 31, 2023 and December 31, 2022; no shares issued or outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at March 31, 2023 and December 31, 2022; 59,765,034 and 59,512,158 shares issued at March 31, 2023 and December 31, 2022; 59,762,001 and 59,509,125 shares outstanding at March 31, 2023 and December 31, 2022 6 6
Treasury stock, at cost, 3,033 shares at March 31, 2023 and December 31, 2022 (400) (400)
Additional paid-in capital 3,313,609 3,291,369
Accumulated deficit (2,174,998) (2,028,170)
Accumulated other comprehensive loss (5,088) (10,206)
Total stockholders’ equity 1,133,129 1,252,599
Total liabilities and stockholders’ equity $ 1,220,686 $ 1,356,449