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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 320,482 $ 173,415
Short-term investments 400,530 555,231
Receivable from collaboration partners ($1,324 and $943 from a related party) 1,575 1,049
Accrued interest receivable 1,400 649
Prepaid expenses and other current assets 21,967 5,471
Total current assets 745,954 735,815
Long-term investments 84,096 6,440
Property and equipment, net 23,806 10,807
Right-of-use assets 36,137 12,781
Restricted cash 3,005 203
Other long-term assets 5,775 6,246
Total assets 898,773 772,292
Current liabilities:    
Accounts payable 16,957 15,682
Accrued research and development expenses 28,756 18,307
Other accrued liabilities 9,706 9,543
Deferred revenue, current ($67,571 and $67,571 to a related party) 74,571 74,571
Other current liabilities 380 3,566
Total current liabilities 130,370 121,669
Deferred revenue, noncurrent ($102,386 and $117,808 to a related party) 103,908 122,830
Operating lease liabilities, noncurrent 49,741 15,243
Other long-term liabilities ($9,703 and $9,703 to a related party) 10,199 10,246
Total liabilities 294,218 269,988
Commitments (Note 11)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of June 30, 2021 and December 31, 2020; no shares issued and outstanding as of June 30, 2021 and December 31, 2020 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 71,374,059 and 65,114,685 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively. Shares outstanding includes 1,331,269 and 1,422,784 shares issued but subject to vesting as of June 30, 2021 and December 31, 2020, respectively 7 6
Additional paid-in capital 1,081,341 830,438
Accumulated deficit (476,747) (328,184)
Accumulated other comprehensive (loss) income (46) 44
Total stockholders’ equity 604,555 502,304
Total liabilities and stockholders’ equity $ 898,773 $ 772,292