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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 74,555 $ 154,323
Marketable securities 474,306 558,528
Receivable from collaboration partner 0 2,587
Prepaid expenses and other current assets 16,946 10,997
Total current assets 565,807 726,435
Property and equipment, net 21,861 25,521
Operating lease right-of-use assets 25,195 27,811
Restricted cash 1,546 1,472
Other assets 7,418 6,409
Total assets 621,827 787,648
Current liabilities:    
Accounts payable 3,775 4,189
Accrued clinical supply costs 5,215 5,559
Accrued liabilities 30,378 27,771
Deferred revenue, current portion 82,975 48,231
Payable to collaboration partner 7,703 0
Refund liability to collaboration partner, current portion 39,440 0
Operating lease liabilities, current portion 8,462 8,059
Total current liabilities 177,948 93,809
Deferred revenue, long-term portion 210,845 443,370
Refund liability to collaboration partner, long-term portion 67,047 0
Operating lease liabilities, long-term portion 30,456 35,268
Other long-term liabilities 1,373 759
Total liabilities 487,669 573,206
Commitments and contingencies (Note 4)
Stockholders' equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized; 84,879,693 and 82,895,718 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 8 8
Additional paid-in capital 844,044 798,696
Accumulated other comprehensive income (loss) 184 (4,575)
Accumulated deficit (710,078) (579,687)
Total stockholders' equity 134,158 214,442
Total liabilities and stockholders' equity $ 621,827 $ 787,648