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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 99,627 $ 70,992
Marketable securities 469,527 682,192
Prepaid expenses and other current assets 19,630 31,825
Collaboration receivable - related party 14,871 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 $ 604,987 $ 869,350
Property and equipment, net 1,019 1,921
Right-of-use operating asset 11,251 4,458
Other long-term assets 5,175 6,548
Total assets 622,432 882,277
Current liabilities:    
Accounts payable 7,126 10,318
Accrued expenses 53,197 67,264
Operating lease liability, current portion 83 5,165
Total current liabilities 60,406 82,747
Operating lease liability, net of current portion 10,191 0
Total liabilities 70,597 82,747
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued or outstanding at September 30, 2024 and December 31, 2023
Common stock, $0.0001 par value per share; 120,000,000 shares authorized at September 30, 2024 and December 31, 2023; 61,176,296 and 60,046,676 shares issued at September 30, 2024 and December 31, 2023; 61,173,263 and 60,043,643 shares outstanding at September 30, 2024 and December 31, 2023 6 6
Treasury stock, at cost, 3,033 shares at September 30, 2024 and December 31, 2023 (400) (400)
Additional paid-in capital 3,425,875 3,370,397
Accumulated deficit (2,874,547) (2,569,659)
Accumulated other comprehensive gain (loss) 901 (814)
Total stockholders’ equity 551,835 799,530
Total liabilities and stockholders’ equity $ 622,432 $ 882,277