Property and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net, consists of the following (in thousands):

	As of December 31,
	2023			2022
Computer equipment	$	3,739		$	3,618
Furniture, fixtures, and other		8,109			8,109
Laboratory equipment		41,411			37,897
Leasehold improvements		143,260			141,680
Construction work in process		8,859			6,162
Total property and equipment, gross		205,378			197,466
Accumulated Depreciation		(53,433	)		(33,832	)
Total property and equipment, net	$	151,945		$	163,634

Depreciation expense for the year ended December 31, 2023, 2022 and 2021 was $19.8 million, $24.1 million, and $17.9 million, respectively.