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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 249,471 $ 342,027
Investments 417,727 312,001
Collaboration receivables 24,030 26,598
Prepaid expenses and other current assets 20,958 11,741
Restricted cash 4,826 4,826
Total current assets 717,012 697,193
Property and equipment, net 18,249 15,372
Right-of-use assets, net 68,123 72,957
Goodwill 21,359 21,359
Intangible assets, net 74,507 79,127
Other assets 5,620 3,928
Total assets 904,870 889,936
Current liabilities:    
Accounts payable 13,736 8,839
Accrued expenses 15,079 13,202
Current portion of deferred revenue 41,014 67,563
Current portion of operating lease liability 11,685 11,733
Total current liabilities 81,514 101,337
Contingent consideration 112,493 152,230
Deferred revenue, net of current portion 252,055 228,659
Operating lease liability, net of current portion 46,171 50,953
Total liabilities 492,233 533,179
Commitments and contingencies (Notes 3 and 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2021 and December 31, 2020; no shares issued and outstanding as of June 30, 2021 and December 31, 2020 0  
Common stock, $0.001 par value; 200,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 75,343,712 shares and 75,029,625 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 75 75
Additional paid-in capital 782,144 769,965
Accumulated deficit (369,617) (413,283)
Accumulated other comprehensive income 35  
Total stockholders' equity 412,637 356,757
Total liabilities and stockholders' equity $ 904,870 $ 889,936