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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 278,401 $ 68,985
Short-term investments 83,825 176,985
Prepaid expenses and other current assets 7,533 10,378
Total current assets 369,759 256,348
Property and equipment, net 9,947 7,954
Operating lease right-of-use assets 22,887 27,958
Long-term investments 3,977 27,117
Restricted cash 871 871
Other assets 4,624 4,089
Total noncurrent assets 42,306 67,989
Total assets 412,065 324,337
Current liabilities:    
Accounts payable 5,485 6,758
Accrued compensation 3,451 3,455
Accrued manufacturing expenses 10,269 4,440
Accrued expenses 13,678 8,787
Operating lease liabilities — current 6,426 5,276
Total current liabilities 39,309 28,716
Operating lease liabilities — long-term 13,356 11,507
Other liabilities 89 96
Total liabilities 52,754 40,319
Commitments and contingencies (Note 6)
Stockholders' Equity    
Preferred stock, $0.001 par value - 10,000,000 shares authorized at September 30, 2022 and December 31, 2021; no shares issued and outstanding at September 30, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value - 500,000,000 shares authorized at September 30, 2022 and December 31, 2021; 60,572,692 and 53,031,978 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 64 56
Additional paid-in capital 803,980 582,844
Accumulated other comprehensive loss (657) (241)
Accumulated deficit (444,076) (298,641)
Total stockholders' equity 359,311 284,018
Total liabilities and stockholders' equity $ 412,065 $ 324,337