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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 217,647   $ 147,914
Short-term investments 831,135   351,394
Receivable from collaboration partners ($26,521 and $744,535 from a related party) 27,286   744,595
Accrued interest receivable 3,423   2,227
Prepaid expenses and other current assets 21,625   15,620
Total current assets 1,101,116   1,261,750
Long-term investments 143,138   181,990
Property and equipment, net 33,892   32,455
Right-of-use assets 102,073   104,968
Restricted cash 3,005   3,005
Other long-term assets ($1,856 and $0 from a related party) 10,598   7,730
Total assets 1,393,822   1,591,898
Current liabilities:      
Accounts payable 10,546   10,261
Accrued research and development 39,827   29,587
Other accrued liabilities 20,528   24,181
Deferred revenue, current ($103,291 and $96,981 to a related party) 103,291   102,003
Other current liabilities 2,984   52
Total current liabilities 177,176   166,084
Deferred revenue, noncurrent ($382,584 and $462,217 to a related party) 382,584   462,217
Operating lease liabilities, noncurrent 119,195   116,887
Other long-term liabilities 16,166   5,260
Total liabilities 695,121   750,448
Commitments (Note 11)  
Stockholders’ equity:      
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding 0   0
Common stock, $0.0001 par value, 400,000,000 shares authorized; 72,352,380 and 70,781,736 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. Shares outstanding includes zero and 9,946 shares issued but subject to vesting as of September 30, 2022 and December 31, 2021, respectively 7   7
Additional paid-in capital 1,183,393   1,118,058
Accumulated deficit (474,898)   (275,354)
Accumulated other comprehensive loss (9,801)   (1,261)
Total stockholders’ equity 698,701 $ 747,386 841,450
Total liabilities and stockholders’ equity $ 1,393,822   $ 1,591,898