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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (138,049) $ (74,858)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,367 2,397
Stock-based compensation 21,620 11,043
Amortization of premiums and accretion of discounts on marketable securities 8 (4,027)
Amortization of right-of-use assets 934 1,510
Impairment loss on right-of-use asset 238 1,158
Loss from disposal of property and equipment, net 12 39
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,934) (1,269)
Other assets (2,098) (72)
Accounts payable 1,087 132
Accrued liabilities and accrued clinical supply costs 15,027 7,467
Deferred revenue (16,245) (15,218)
Deferred rent   (44)
Lease liabilities (2,043) 948
Other long-term liabilities   313
Net cash used in operating activities (119,076) (70,481)
Cash flows from investing activities:    
Purchase of property and equipment (4,244) (13,692)
Purchase of marketable securities (414,949) (411,239)
Maturities of marketable securities 302,590 346,000
Net cash used in investing activities (116,603) (78,931)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon initial public offering, net of issuance costs   170,128
Proceeds from issuance of common stock upon follow-on public offering, net of issuance costs 224,603  
Proceeds from the exercise of options to purchase common stock 5,699 788
Purchase of common stock under employee stock purchase plan 715  
Net cash provided by financing activities 231,017 170,916
Net increase (decrease) in cash, cash equivalents, and restricted cash (4,662) 21,504
Cash, cash equivalents, and restricted cash at beginning of period 91,113 66,942
Cash, cash equivalents, and restricted cash at end of period 86,451 88,446
Non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued liabilities $ 337 3,675
Tenant improvements paid by landlord   $ 8,286