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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 272,629 $ 147,914
Short-term investments 900,147 351,394
Receivable from collaboration partners ($35,720 and $744,535 from a related party) 35,831 744,595
Accrued interest receivable 3,196 2,227
Prepaid expenses and other current assets 15,672 15,620
Total current assets 1,227,475 1,261,750
Long-term investments 98,329 181,990
Property and equipment, net 33,416 32,455
Right-of-use assets 104,025 104,968
Restricted cash 3,005 3,005
Other long-term assets ($1,322 and $0 from a related party) 10,523 7,730
Total assets 1,476,773 1,591,898
Current liabilities:    
Accounts payable 21,984 10,261
Accrued research and development 35,019 29,587
Other accrued liabilities 14,438 24,181
Deferred revenue, current ($89,388 and $96,981 to a related party) 90,117 102,003
Other current liabilities 2,466 52
Total current liabilities 164,024 166,084
Deferred revenue, noncurrent ($428,546 and $462,217 to a related party) 429,339 462,217
Operating lease liabilities, noncurrent 121,343 116,887
Other long-term liabilities 14,681 5,260
Total liabilities 729,387 750,448
Commitments (Note 10)  
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of June 30, 2022 and December 31, 2021; no shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized as of June 30, 2022 and December 31, 2021; 72,085,473 and 70,781,736 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. Shares outstanding includes zero and 9,946 shares issued but subject to vesting as of June 30, 2022 and December 31, 2021, respectively. 7 7
Additional paid-in capital 1,164,602 1,118,058
Accumulated deficit (409,979) (275,354)
Accumulated other comprehensive loss (7,244) (1,261)
Total stockholders’ equity 747,386 841,450
Total liabilities and stockholders’ equity $ 1,476,773 $ 1,591,898