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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities      
Net (loss) income $ (46,408) $ (71,197) $ 36,741
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Stock-based compensation expense 9,344 11,324 14,934
Depreciation 6,191 5,165 3,817
Amortization of premiums and discounts on marketable securities (16) 349 27
Gain on Lease Termination (2,468)    
Change in fair value of common stock and warrants to purchase equity securities   (2,460) (7,698)
Loss on disposal of fixed assets 377    
Changes in operating assets and liabilities:      
Related party collaboration receivable 475 7,280 10,484
Prepaid expenses and other assets (1,967) 1,883 (551)
Operating lease, right-of-use assets 3,462 2,606 (7,592)
Other non-current assets (152) 69 275
Accounts payable 1,992 (60) (3,436)
Accrued expenses (3,148) (3,335) (6,480)
Operating lease liabilities (3,922) (3,428) 13,439
Deferred revenue 23,731 (1,721) (150,676)
Net cash used in operating activities (12,509) (53,525) (96,716)
Cash flow from investing activities      
Purchases of property and equipment (2,491) (1,609) (12,097)
Purchases of marketable securities (54,848) (15,117) (70,403)
Proceeds from sales and maturities of marketable securities 50,000 82,632 195,495
Net cash (used in) provided by investing activities (7,339) 65,906 112,995
Cash flow from financing activities      
Proceeds from the exercise of stock options 629 28 2,319
Proceeds from the purchase of common stock under ESPP 481 584 844
Net cash provided by financing activities 1,110 612 3,163
Net (decrease) increase in cash and cash equivalents (18,738) 12,993 19,442
Cash, cash equivalents, and restricted cash beginning of period 119,212 106,219 86,777
Cash, cash equivalents, and restricted cash end of period 100,474 119,212 106,219
Supplemental disclosure of cash and non-cash activities      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities   664 10,818
Capital expenditures incurred but not yet paid $ 14 $ 80 $ 831