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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 172,653 $ 70,992
Marketable securities 544,360 682,192
Prepaid expenses and other current assets 26,588 31,825
Collaboration receivable - related party 10,509 83,009
Restricted cash $ 1,332 $ 1,332
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current assets $ 755,442 $ 869,350
Property and equipment, net 1,585 1,921
Restricted cash 1,500 0
Right-of-use operating asset 2,857 4,458
Other long-term assets 6,216 6,548
Total assets 767,600 882,277
Current liabilities:    
Accounts payable 6,479 10,318
Accrued expenses 52,014 67,264
Operating lease liability, current portion 3,306 5,165
Total current liabilities 61,799 82,747
Total liabilities 61,799 82,747
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued or outstanding at March 31, 2024 and December 31, 2023
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at March 31, 2014 and December 31, 2023; 60,185,064 and 60,046,676 shares issued at March 31, 2024 and December 31, 2023; 60,182,031 and 60,043,643 shares outstanding at March 31,2024 and December 31, 2023 6 6
Treasury stock, at cost, 3,033 shares at March 31, 2024 and December 31, 2023 (400) (400)
Additional paid-in capital 3,385,124 3,370,397
Accumulated deficit (2,678,142) (2,569,659)
Accumulated other comprehensive loss (787) (814)
Total stockholders’ equity 705,801 799,530
Total liabilities and stockholders’ equity $ 767,600 $ 882,277