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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 72,552 $ 74,555
Marketable securities 489,531 474,306
Prepaid expenses and other current assets 19,307 16,946
Total current assets 581,390 565,807
Property and equipment, net 20,835 21,861
Operating lease right-of-use assets 24,321 25,195
Restricted cash 1,546 1,546
Other assets 7,402 7,418
Total assets 635,494 621,827
Current liabilities:    
Accounts payable 4,586 3,775
Accrued clinical supply costs 5,870 5,215
Accrued liabilities 19,385 30,378
Deferred revenue, current portion 73,352 82,975
Payable to collaboration partner 15,632 7,703
Refund liability to collaboration partner, current portion 37,557 39,440
Operating lease liabilities, current portion 8,535 8,462
Total current liabilities 164,917 177,948
Deferred revenue, long-term portion 204,575 210,845
Refund liability to collaboration partner, long-term portion 56,700 67,047
Operating lease liabilities, long-term portion 29,022 30,456
Other long-term liabilities 1,373 1,373
Total liabilities 456,587 487,669
Commitments and contingencies (Note 4)
Stockholders' equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized; 96,384,562 and 84,879,693 shares issued and outstanding as of March 31, 2024 and December 31, 2023 9 8
Additional paid-in capital 925,458 844,044
Accumulated other comprehensive income (loss) (403) 184
Accumulated deficit (746,157) (710,078)
Total stockholders' equity 178,907 134,158
Total liabilities and stockholders’ equity $ 635,494 $ 621,827