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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 108.3 $ 588.4
Restricted cash 4.5 0.0
Marketable securities 1,394.3 100.2
Accounts receivable 15.0 1.0
Other receivables 10.7 7.4
Prepaid expenses and other current assets 19.7 6.1
Total current assets 1,552.5 703.1
Property, equipment and leasehold improvements, net 12.7 12.3
Operating lease right of use assets 3.9 2.0
Collaboration contract asset and other assets 12.5 0.0
Total assets 1,581.6 717.4
Current liabilities:    
Accounts payable 31.3 7.1
Accrued expenses 23.1 18.9
Deferred revenue 206.2 22.2
Current portion of operating lease liability 1.1 1.0
Total current liabilities 261.7 49.2
Deferred revenue 534.3 22.9
Long term debt 1.0 2.0
Operating lease liability 2.9 1.1
Total liabilities 799.9 75.2
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 53.0 and 48.5 shares issued and outstanding as of December 31, 2021 and 2020, respectively 0.0 0.0
Accumulated deficit (682.9) (491.9)
Additional paid-in capital 1,469.2 1,133.5
Accumulated other comprehensive (loss) income (4.6) 0.6
Total stockholders' equity 781.7 642.2
Total liabilities and stockholders' equity $ 1,581.6 $ 717.4