Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property and Equipment, Net

Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net consisted of the following:

(in thousands)	September 30, 2022		December 31, 2021
Laboratory equipment	$	8,223	$	7,595
Furniture and fixtures		622		600
Leasehold improvements		15,871		15,871
Construction in progress		11,240		516
		35,956		24,582
Less: Accumulated depreciation and amortization		(6,975)		(4,779)
	$	28,981	$	19,803

Depreciation and amortization expense for the three and nine months ended September 30, 2022 was approximately $0.8 million and $2.3 million, respectively. Depreciation and amortization expense for the three and nine months ended September 30, 2021 was approximately $0.7 million and $1.8 million, respectively.