Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property Plant And Equipment [Abstract]

Property and Equipment, Net

7. Property and equipment, net

Property and equipment, net consists of the following:

	March 31, 2023			December 31, 2022
	(in thousands)
Laboratory equipment	$	62,683		$	61,842
Leasehold improvements		34,427			34,427
Construction in progress		2,541			1,711
Computer equipment, software, and other		2,932			2,914
Total property and equipment, at cost		102,583			100,894
Less: Accumulated depreciation		(38,323	)		(33,977	)
Property and equipment, net	$	64,260		$	66,917

Depreciation expense was $4.3 million and $3.6 million for the three months ended March 31, 2023 and 2022, respectively.