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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 92,942 $ 106,084
Short-term investments 149,877 264,984
Restricted cash 146 194
Accounts receivable 40,221 986
Inventories 1,586 0
Other current assets 10,308 12,373
Total current assets 295,080 384,621
Property and equipment, net 6,300 53,780
Operating lease assets 68,022 26,159
Restricted cash - long-term 0 1,200
Other assets 7,018 2,367
Total assets 376,420 468,127
Current liabilities:    
Accounts payable 6,871 17,368
Accrued compensation 17,659 25,150
Accrued research and development expenses 24,992 13,451
Deferred revenue 8,000 40,760
Other current liabilities 21,394 9,057
Total current liabilities 78,916 105,786
Deferred revenue - long-term 77,000 55,708
Operating lease liabilities - long-term 58,064 25,518
Liability related to the sale of future royalties - long-term 30,236 0
Other long-term liabilities 5,564 1,501
Total liabilities 249,780 188,513
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock-$0.0001 par value, 500,000 shares authorized as of December 31, 2022 and 2021, respectively; 95,927 and 91,671 shares issued and outstanding as of December 31, 2022 and 2021, respectively 10 9
Additional paid-in capital 1,821,721 1,744,695
Accumulated other comprehensive (loss) income (2,067) (368)
Accumulated deficit (1,693,024) (1,464,722)
Total stockholders’ equity 126,640 279,614
Total liabilities and stockholders’ equity $ 376,420 $ 468,127