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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 60,574 $ 127,106
Short-term marketable securities 876,295 907,405
Prepaid expenses and other current assets 36,706 29,626
Total current assets 973,575 1,064,137
Long-term marketable securities 490,723 0
Property and equipment, net 46,863 45,589
Operating lease right-of-use asset 25,309 26,048
Other non-current assets 44,621 18,143
Total assets 1,581,091 1,153,917
Current liabilities:    
Accounts payable 11,855 9,483
Accrued clinical and other research & development costs 19,956 19,035
Accrued manufacturing costs 16,720 15,462
Other accrued costs and current liabilities 5,986 5,152
Accrued compensation 8,053 21,590
Operating lease liability, current 7,512 7,260
Deferred research funding liability, current 12,500 0
Total current liabilities 82,582 77,982
Operating lease liability, less current portion 43,034 44,981
Total liabilities 125,616 122,963
Commitments and contingencies (Note 6)
Stockholders' equity:    
Convertible preferred stock, $0.01 par value; 40,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 142,512,856 shares and 138,385,498 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1,751 1,711
Additional paid-in capital 2,673,033 2,144,811
Accumulated other comprehensive income (loss) (1,296) 643
Accumulated deficit (1,218,013) (1,116,211)
Total stockholders' equity 1,455,475 1,030,954
Total liabilities and stockholders’ equity $ 1,581,091 $ 1,153,917