Property and Equipment, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

4. Property and Equipment, net

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

	As of
	June 30,			December 31,
	2024			2023
Computer equipment	$	3,739		$	3,739
Furniture, fixtures and other		8,545			8,109
Laboratory equipment		41,903			41,411
Leasehold improvements		143,260			143,260
Construction work in process		8,654			8,859
Total property and equipment, gross		206,101			205,378
Accumulated depreciation		(63,070	)		(53,433	)
Total property and equipment, net	$	143,031		$	151,945

Depreciation expense for the three and six months ended June 30, 2024 was $4.8 million and $9.6 million, respectively. Depreciation expense for the three and six months ended June 30, 2023 was $5.0 million and $10.0 million, respectively.