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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 20, 2021
Cash flows from operating activities:            
Net loss $ (8,494) $ (7,162) $ (7,422) $ (15,656) $ (63,223) $ (63,223)
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation and amortization       385   304
Gain on disposal of equipment (69)     (70) (44) (44)
Noncash interest expense       0   22
Share-based compensation       3,018   1,856
Amortization of premium and discount on marketable securities       110   0
Charge for in-process R&D 0     0 50,618 50,618
ROU asset amortization       548   518
Changes in operating assets and liabilities:            
Prepaid expenses and other current assets       64   (200)
Accounts payable       5,588   (502)
Accrued expenses       (5,987)   (398)
Operating lease liability       (542)   (495)
Net cash used in operating activities       (12,542)   (11,544)
Cash flows from investing activities:            
Purchases of property and equipment       (131)   (424)
Purchases of marketable securities       (105,779)   0
Asset acquisition costs       0   (318)
Proceeds from sale of equipment       176   115
Net cash used in investing activities       (105,734)   (627)
Cash flows from financing activities:            
Repayment of borrowings       0   (3,750)
Net cash used in financing activities       0   (3,750)
Net change in cash, cash equivalents and restricted cash       (118,276)   (15,921)
Cash, cash equivalents and restricted cash at beginning of period   $ 144,514 $ 47,339 144,514 $ 47,339 47,339
Cash, cash equivalents and restricted cash at end of period $ 26,238     26,238   31,418
Supplemental disclosure of cash flow information            
Cash paid for interest       0   226
ROU asset acquired through operating leases       0   5,148
Unrealized loss on marketable securities       512   0
Acquisition of Trigr Therapeutics, Inc.       0   50,300
Fixed asset costs included in accounts payable       77   0
Purchase of securities included in accrued expenses       $ 513   $ 0