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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 70,992 $ 162,700
Marketable securities 682,192 1,109,794
Prepaid expenses and other current assets 31,825 50,826
Collaboration receivable - related party $ 83,009 $ 13,660
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Restricted cash $ 1,332 $ 0
Total current assets 869,350 1,336,980
Property and equipment, net 1,921 2,898
Restricted cash 0 1,269
Right-of-use operating asset 4,458 10,532
Other long-term assets 6,548 4,770
Total assets 882,277 1,356,449
Current liabilities:    
Accounts payable 10,318 18,950
Accrued expenses 67,264 72,666
Operating lease liability, current portion 5,165 7,643
Total current liabilities 82,747 99,259
Operating lease liability, net of current portion 0 4,491
Other liabilities 0 100
Total liabilities 82,747 103,850
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at December 31, 2023 and December 31, 2022; no shares issued or outstanding at December 31, 2023 and December 31, 2022
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at December 31, 2023 and December 31, 2022; 60,046,676 and 59,512,158 shares issued at December 31, 2023 and December 31, 2022; 60,043,643 and 59,509,125 shares outstanding at December 31, 2023 and December 31, 2022 6 6
Treasury stock, at cost, 3,033 shares at December 31, 2023 and December 31, 2022 (400) (400)
Additional paid-in capital 3,370,397 3,291,369
Accumulated deficit (2,569,659) (2,028,170)
Accumulated other comprehensive loss (814) (10,206)
Total stockholders’ equity 799,530 1,252,599
Total liabilities and stockholders’ equity $ 882,277 $ 1,356,449