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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 201,741 $ 68,985
Short-term investments 132,900 176,985
Prepaid expenses and other current assets 7,582 10,378
Total current assets 342,223 256,348
Property and equipment, net 10,138 7,954
Operating lease right-of-use assets 26,121 27,958
Long-term investments 17,697 27,117
Restricted cash 871 871
Other assets 5,667 4,089
Total noncurrent assets 60,494 67,989
Total assets 402,717 324,337
Current liabilities:    
Accounts payable 4,801 6,758
Accrued compensation 1,270 3,455
Accrued manufacturing expenses 6,856 4,440
Accrued expenses 7,744 8,787
Operating lease liabilities — current 6,578 5,276
Total current liabilities 27,249 28,716
Operating lease liabilities — long-term 15,832 11,507
Other liabilities 93 96
Total liabilities 43,174 40,319
Commitments and contingencies (Note 6)
Stockholders' Equity    
Preferred stock, $0.001 par value 10,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued and outstanding at March 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value 500,000,000 shares authorized at March 31, 2022 and December 31, 2021; 56,499,544 and 53,031,978 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 59 56
Additional paid-in capital 697,944 582,844
Accumulated other comprehensive loss (833) (241)
Accumulated deficit (337,627) (298,641)
Total stockholders' equity 359,543 284,018
Total liabilities and stockholders' equity $ 402,717 $ 324,337