Property and equipment, net

12 Months Ended

Dec. 31, 2022

Property and equipment, net

Property and equipment, net

5. Property and equipment, net

Property and equipment, net consists of the following:

	As of December 31,
	2022		2021
	(in thousands)
Laboratory equipment	$	19,675	$	19,384
Leasehold improvements		12,554		15,695
Furniture and office equipment		2,333		2,524
Other		502		230
Total property and equipment		35,064		37,833
Less: accumulated depreciation		(17,207)		(15,913)
Property and equipment, net	$	17,857	$	21,920

The Company recorded $6.2 million, $5.2 million, and $3.8 million in depreciation expense during the years ended December 31, 2022, 2021, and 2020, respectively.