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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
[1]
Current assets    
Cash and cash equivalents $ 114,297 $ 63,234
Short-term investments 368,092 431,011
Prepaid expenses and other current assets (Note 5) 7,509 11,257
Total current assets 489,898 505,502
Property and equipment, net 5,605 3,567
Operating lease right-of-use assets (Note 14) 24,228 1,211
Restricted cash 1,482 1,482
Other non-current assets 392 392
Total assets 521,605 512,154
Current liabilities    
Accounts payable 7,327 4,531
Accrued research and development 16,423 12,456
Accrued liabilities (Note 6) 5,868 10,219
Operating lease liabilities, current (Note 14) 773 1,318
Total current liabilities 30,391 28,524
Operating lease liabilities, non-current (Note 14) 23,880 0
Long-term debt (Note 7) 30,002 10,054
Total liabilities 84,273 38,578
Commitments and Contingencies (Note 13)
Stockholders’ equity    
Preferred stock, $0.0001 par value per share; 10,000,000 shares authorized at March 31, 2024 and December 31, 2023, and none issued or outstanding at March 31, 2024 and December 31, 2023 (Note 9) 0 0
Common stock, $0.0001 par value per share; 300,000,000 shares authorized at March 31, 2024 and December 31, 2023; and 60,318,542 and 59,921,002 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively; (Note 10) 6 6
Additional paid-in capital 984,518 972,973
Accumulated deficit (546,703) (499,748)
Accumulated other comprehensive (loss) gain (489) 345
Total stockholders’ equity 437,332 473,576
Total liabilities and stockholders’ equity $ 521,605 $ 512,154
[1] The condensed balance sheet as of December 31, 2023 has been derived from the audited financial statements as of that date.