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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 99,901 $ 70,992
Marketable securities 546,892 682,192
Prepaid expenses and other current assets 28,743 31,825
Collaboration receivable - related party 9,943 83,009
Restricted cash $ 1,332 $ 1,332
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current assets $ 686,811 $ 869,350
Property and equipment, net 1,274 1,921
Right-of-use operating asset 1,220 4,458
Other long-term assets 7,800 6,548
Total assets 697,105 882,277
Current liabilities:    
Accounts payable 8,650 10,318
Accrued expenses 58,982 67,264
Operating lease liability, current portion 1,411 5,165
Total current liabilities 69,043 82,747
Total liabilities 69,043 82,747
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued or outstanding at June 30, 2024 and December 31, 2023
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at June 30, 2024 and December 31, 2023; 60,897,967 and 60,046,676 shares issued at June 30, 2024 and December 31, 2023; 60,894,934 and 60,043,643 shares outstanding at June 30, 2024 and December 31, 2023 6 6
Treasury stock, at cost, 3,033 shares at June 30, 2024 and December 31, 2023 (400) (400)
Additional paid-in capital 3,410,143 3,370,397
Accumulated deficit (2,780,996) (2,569,659)
Accumulated other comprehensive loss (691) (814)
Total stockholders’ equity 628,062 799,530
Total liabilities and stockholders’ equity $ 697,105 $ 882,277