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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 121,416 $ 162,700
Marketable securities 881,200 1,109,794
Prepaid expenses and other current assets 46,321 50,826
Total current assets 1,064,027 1,336,980
Property and equipment, net 2,480 2,898
Restricted cash 1,332 1,269
Right-of-use operating asset 7,560 10,532
Other long-term assets 6,889 4,770
Total assets 1,082,288 1,356,449
Current liabilities:    
Accounts payable 9,283 18,950
Accrued expenses 79,799 72,666
Operating lease liability, current portion 7,725 7,643
Total current liabilities 96,807 99,259
Operating lease liability, net of current portion 1,003 4,491
Other liabilities 102 100
Total liabilities 97,912 103,850
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued or outstanding at June 30, 2023 and December 31, 2022
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at June 30, 2023 and December 31, 2022; 59,799,038 and 59,512,158 shares issued at June 30, 2023 and December 31, 2022; 59,796,005 and 59,509,125 shares outstanding at June 30, 2023 and December 31, 2022 6 6
Treasury stock, at cost, 3,033 shares at June 30, 2023 and December 31, 2022 (400) (400)
Additional paid-in capital 3,325,737 3,291,369
Accumulated deficit (2,335,323) (2,028,170)
Accumulated other comprehensive loss (5,644) (10,206)
Total stockholders’ equity 984,376 1,252,599
Total liabilities and stockholders’ equity 1,082,288 1,356,449
Related Party [Member]    
Current assets:    
Collaboration receivable - related party $ 15,090 $ 13,660