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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 179,432 $ 173,415
Short-term investments 345,210 555,231
Receivable from collaboration partners ($617 and $943 from a related party) 871 1,049
Accrued interest receivable 2,201 649
Prepaid expenses and other current assets 17,574 5,471
Total current assets 545,288 735,815
Long-term investments 218,730 6,440
Property and equipment, net 28,818 10,807
Right-of-use assets 35,553 12,781
Restricted cash 3,005 203
Other long-term assets 7,896 6,246
Total assets 839,290 772,292
Current liabilities:    
Accounts payable 13,219 15,682
Accrued research and development 40,470 18,307
Other accrued liabilities 14,625 9,543
Deferred revenue, current ($67,571 and $67,571 to a related party) 74,343 74,571
Other current liabilities 209 3,566
Total current liabilities 142,866 121,669
Deferred revenue, noncurrent ($94,675 and $117,808 to a related party) 94,675 122,830
Operating lease liabilities, noncurrent 48,943 15,243
Other long-term liabilities ($9,703 and $9,703 to a related party) 10,199 10,246
Total liabilities 296,683 269,988
Commitments (Note 11)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of September 30, 2021 and December 31, 2020; no shares issued and outstanding as of September 30, 2021 and December 31, 2020 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 70,241,590 and 65,114,685 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively. Shares outstanding includes 39,142 and 1,422,784 shares issued but subject to vesting as of September 30, 2021 and December 31, 2020, respectively 7 6
Additional paid-in capital 1,097,414 830,438
Accumulated deficit (554,722) (328,184)
Accumulated other comprehensive (loss) income (92) 44
Total stockholders’ equity 542,607 502,304
Total liabilities and stockholders’ equity $ 839,290 $ 772,292