Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

Financial assets measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 were as follows (in thousands):

	As of March 31, 2023
	Level 1		Level 2		Level 3		Total
Investment securities:
U.S. government and agency obligations	$	80,292	$	46,182	$	—	$	126,474
Certificates of deposit		—		4,076		—		4,076
Corporate debt securities		—		124,379		—		124,379
Total Investment securities		80,292		174,637		—		254,929
Derivative Assets:
Radionetics Warrant		—		—		668		668
Total assets measured at fair value	$	80,292	$	174,637	$	668	$	255,597

	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Investment securities:
U.S. government and agency obligations	$	93,879	$	58,851	$	—	$	152,730
Certificates of deposit		—		4,535		—		4,535
Corporate debt securities		—		142,994		—		142,994
Asset-backed securities		—		1,494		—		1,494
Total Investment securities		93,879		207,874		—		301,753
Derivative Assets:
Radionetics Warrant		—		—		668		668
Total assets measured at fair value	$	93,879	$	207,874	$	668	$	302,421