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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current assets:      
Cash and cash equivalents $ 195,555 $ 154,323 $ 454,620
Marketable securities 473,774 558,528  
Receivable from Collaboration partner 4,699 2,587  
Prepaid expenses and other current assets 11,974 10,997  
Total current assets 686,002 726,435  
Property and equipment, net 24,998 25,521  
Operating lease right-of-use assets 27,066 27,811  
Restricted cash 1,472 1,472 1,472
Other assets 8,804 6,409  
Total assets 748,342 787,648  
Current liabilities:      
Accounts payable 3,126 4,189  
Accrued clinical supply costs 7,691 5,559  
Accrued liabilities 18,580 27,771  
Deferred revenue, current portion 61,773 48,231  
Operating lease liabilities, current portion 8,130 8,059  
Total current liabilities 99,300 93,809  
Deferred revenue, long-term portion 431,079 443,370  
Operating lease liabilities, long-term portion 34,050 35,268  
Other long-term liabilities 898 759  
Total liabilities 565,327 573,206  
Commitments and Contingencies  
Stockholders' equity:      
Common stock, $0.0001 par value; 200,000,000 shares authorized; 83,351,778 and 82,895,718 shares issued and outstanding as of March 31, 2023 and December 31, 2022 8 8  
Additional paid-in capital 810,750 798,696  
Accumulated other comprehensive loss (2,199) (4,575)  
Accumulated deficit (625,544) (579,687)  
Total stockholders' equity 183,015 214,442 $ 267,537
Total liabilities and stockholders’ equity $ 748,342 $ 787,648