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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
[1]
Current assets    
Cash and cash equivalents $ 57,679 $ 33,685
Short-term investments 465,933 297,502
Accounts receivable 0 1,983
Tax credit receivable 83 83
Prepaid expenses and other current assets (Note 5) 10,640 7,058
Total current assets 534,335 340,311
Property and equipment, net 3,969 4,486
Operating lease right-of-use assets 1,768 5,422
Other non-current assets 392 394
Total assets 540,464 350,613
Current liabilities    
Accounts payable 3,360 1,580
Accrued research and development 13,664 11,218
Accrued liabilities (Note 6) 8,310 8,658
Lease liabilities, current 2,061 2,457
Total current liabilities 27,395 23,913
Lease liabilities, non-current 0 3,429
Long-term debt (Note 7) 10,021 9,929
Total liabilities 37,416 37,271
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at September 30, 2023 and December 31, 2022; and 59,890,980 and 48,941,254 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively; 6 5
Additional paid-in capital 963,588 653,707
Accumulated deficit (458,639) (338,412)
Accumulated other comprehensive loss (1,907) (1,958)
Total stockholders’ equity 503,048 313,342
Total liabilities and stockholders’ equity $ 540,464 $ 350,613
[1] The condensed balance sheet as of December 31, 2022 has been derived from the audited financial statements as of that date.