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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (117,672,000) $ (95,639,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 10,623,000 10,606,000
Depreciation expense 969,000 845,000
Non-cash lease expense 214,000 203,000
Amortization of premiums and accretion of discounts on available-for-sale securities, net (1,414,000) (422,000)
Changes in operating assets and liabilities:    
Unbilled grant receivable 1,227,000 1,109,000
Prepaid expenses and other current and long-term assets, net (113,000) (1,257,000)
Insurance recovery receivable related to legal settlement (1,628,000)  
Accounts payable and accrued liabilities 7,367,000 2,101,000
Accrued legal settlement   10,000,000
Operating lease liability (326,000) (15,000)
Net cash used in operating activities (100,753,000) (72,469,000)
Investing activities    
Purchases of available-for-sale securities (27,671,000) (95,288,000)
Maturities of available-for-sale securities 123,064,000 154,093,000
Purchases of property and equipment (304,000) (1,141,000)
Net cash provided by investing activities 95,089,000 57,664,000
Financing activities    
Proceeds from exercise of common stock options and issuance of common stock under employee stock purchase plan. 493,000 654,000
Net cash provided by financing activities 493,000 654,000
Net decrease in cash, cash equivalents and restricted cash (5,171,000) (14,151,000)
Cash, cash equivalents and restricted cash, beginning of period 96,386,000 110,537,000
Cash, cash equivalents and restricted cash, end of period $ 91,215,000 $ 96,386,000