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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 750,687 $ 124,806
Marketable securities 209,550 253,458
Prepaid expenses and other current assets 7,237 6,203
Total current assets 967,474 384,467
Property and equipment, net 50,986 46,775
Operating lease right-of-use assets 61,770 63,168
Restricted cash 2,143 2,143
Long-term marketable securities 21,627 33,731
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 644 190
TOTAL ASSETS 1,304,466 730,296
Current liabilities:    
Accounts payable 4,258 2,253
Accrued compensation 10,811 16,020
Accrued expenses and other current liabilities 11,171 9,466
Operating lease liabilities 3,910 3,712
Success payment liabilities 5,000  
Total current liabilities 35,150 31,451
Operating lease liabilities, net of current portion 66,349 68,197
Contingent consideration 133,294 121,901
Success payment liabilities, net of current portion 187,151 76,494
Other non-current liabilities 539 540
Total liabilities 422,483 298,583
Commitments and contingencies (Note 10)
Convertible preferred stock, $0.0001 par value; zero and 537,786 shares authorized as of March 31, 2021 and December 31, 2020, respectively; zero and 134,113 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively; aggregate liquidation preference of zero and $926,666 as of March 31, 2021 and December 31, 2020, respectively   852,897
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value; 50,000 and zero shares authorized as of March 31, 2021 and December 31, 2020, respectively; zero shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively
Common stock, $0.0001 par value; 750,000 and 707,000 shares authorized as of March 31, 2021 and December 31, 2020, respectively; 178,941 and 16,170 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 18 2
Additional paid-in capital 1,491,958 8,216
Accumulated other comprehensive income 56 30
Accumulated deficit (610,049) (429,432)
Total stockholders' equity (deficit) 881,983 (421,184)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS' EQUITY (DEFICIT) $ 1,304,466 $ 730,296