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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net loss $ (195,138) $ (189,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 13,293 11,430
Stock-based compensation expense 27,602 27,746
Change in the estimated fair value of contingent consideration (47,223) (12,613)
Change in the estimated fair value of success payment liabilities (8,593) (66,815)
Non-cash expense for operating lease right-of-use assets 10,031 8,859
Other non-cash items, net (9,962) (6,687)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 5,560 569
Operating lease right-of-use assets and liabilities 2,129 1,584
Accounts payable 2,363 2,144
Accrued expenses and other liabilities (1,685) 8,833
Net cash used in operating activities (201,623) (213,983)
INVESTING ACTIVITIES:    
Purchases of marketable securities (131,617) (63,583)
Proceeds from maturities of marketable securities 294,305 201,991
Purchases of property and equipment (5,986) (16,274)
Net cash provided by investing activities 156,702 122,134
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 2,919 3,128
Net cash provided by financing activities 29,928 3,852
Net decrease in cash, cash equivalents, and restricted cash (14,993) (87,997)
Cash, cash equivalents, and restricted cash at beginning of period 187,273 261,848
Cash, cash equivalents, and restricted cash at end of period 172,280 173,851
SUPPLEMENTAL CASH FLOW INFORMATION:    
Operating lease right-of-use assets obtained in exchange for lease obligations 8,984 21,073
Purchases of property and equipment included in accounts payable and accrued liabilities 9,933 2,409
Cash received for amounts related to tenant improvement allowances 2,298 2,014
Derecognition of operating lease right-of-use asset for lease termination (14,204) (12,801)
At The Market Offering    
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net $ 27,009 $ 724