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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 54,951 $ 33,685 [1]
Short-term investments 500,208 297,502 [1]
Accounts receivable 1,580 1,983 [1]
Tax credit receivable 77 83 [1]
Prepaid expenses and other current assets (Note 5) 8,885 7,058 [1]
Total current assets 565,701 340,311 [1]
Property and equipment, net 4,332 4,486 [1]
Operating lease right-of-use assets 4,186 5,422 [1]
Other non-current assets 672 394 [1]
Total assets 574,891 350,613 [1]
Current liabilities    
Accounts payable 2,310 1,580 [1]
Accrued research and development 18,216 11,218
Accrued liabilities (Note 6) 6,762 8,658 [1]
Lease liabilities, current 2,232 2,457 [1]
Total current liabilities 29,520 23,913 [1]
Lease liabilities, non-current 2,318 3,429 [1]
Long-term debt (Note 7) 9,988 9,929 [1]
Total liabilities 41,826 37,271 [1]
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at June 30, 2023 and December 31, 2022; and 59,222,685 and 48,941,254 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively; 6 5 [1]
Additional paid-in capital 952,452 653,707 [1]
Accumulated deficit (417,152) (338,412) [1]
Accumulated other comprehensive loss (2,241) (1,958) [1]
Total stockholders’ equity 533,065 313,342 [1]
Total liabilities and stockholders’ equity $ 574,891 $ 350,613 [1]
[1] The condensed balance sheet as of December 31, 2022 has been derived from the audited financial statements as of that date.