XML 51 R39.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity - Additional Information (Details) - USD ($)
1 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended 12 Months Ended
Oct. 29, 2019
Jul. 31, 2020
Nov. 30, 2019
Oct. 31, 2019
May 31, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2019
May 06, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Jan. 01, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Proceeds from Initial Public Offering (IPO)                       $ (1,299,000)    
Preferred stock, shares authorized             40,000,000       40,000,000      
Preferred stock, shares issued             0       0   0  
Preferred stock, shares outstanding             0       0   0  
Stock options, granted                     1,134,977      
Stock-based compensation cost             $ 2,070,000 $ 37,000     $ 3,461,000 $ 66,000    
Common stock initially reserved for issuance             13,423,199       13,423,199      
Unrecognized stock-based compensation expense             $ 24,700,000       $ 24,700,000      
Unrecognized stock-based compensation expense, weighted-average period for recognition                     3 years 9 months 18 days      
Dividend yield                     0.00%      
Stock Options                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Dividend yield                     0.00%      
2019 Equity Incentive Plan                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Common stock, shares authorized for issuance                         2,231,739  
Stock options, granted                         1,400,528  
Number of shares available for issuance             0       0      
2019 Equity Incentive Plan | Restricted Stock                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Stock awards, granted                         16,260  
2019 Incentive Award Plan                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Stock options, granted                     1,134,977      
Annual increase to shares available for issuance percentage of outstanding common stock       5.00%                    
Equity plan, description       The number of shares initially available for issuance will be increased by (i) the number of shares subject to stock options or similar awards granted under the Existing Incentive Plan that expire or otherwise terminate without having been exercised in full after the effective date of the 2019 Plan and unvested shares issued pursuant to awards granted under the Existing Incentive Plan that are forfeited to or repurchased by the Company after the effective date of the 2019 Plan, with the maximum number of shares to be added to the 2019 Plan pursuant to clause (i) above equal to 1,416,788 shares, and (ii) an annual increase on January 1 of each calendar year beginning in 2020 and ending in 2029, equal to the lesser of (a) 5% of the shares of common stock outstanding on the final day of the immediately preceding calendar year and (b) such smaller number of shares as determined by the board of directors. The Company initially had 2,700,000 shares of common stock available for issuance under the 2019 Plan, of which, 1,134,977 stock options were granted and 204,750 performance-based units were granted during the nine months ended September 30, 2020. As of September 30, 2020, 2,518,853 shares remain available for issuance, which includes the annual increase of 1,158,580 shares that were authorized on January 1, 2020.                    
Number of shares remain available for issuance, annual increase                           1,158,580
Common stock initially reserved for issuance             2,518,853       2,518,853      
2019 Incentive Award Plan | Performance-Based Stock Units (PSU)                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Stock awards, granted   204,750                 204,750      
Stock-based compensation cost                     $ 0      
Unrecognized stock-based compensation expense             $ 6,600,000       $ 6,600,000      
Employee Stock Purchase Plan                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Number of shares available for issuance             559,645       559,645      
Annual increase to shares available for issuance percentage of outstanding common stock       1.00%                    
Equity plan, description       In addition, the number of shares available for issuance under the ESPP will be annually increased on January 1 of each calendar year beginning in 2020 and ending in 2029, by an amount equal to the lesser of: (i) 1% of the shares outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as is determined by the board of directors. As of September 30, 2020, 559,645 shares of common stock remain available for issuance, which includes the annual increase of 289,645 shares that were authorized on January 1, 2020.                    
Number of shares remain available for issuance, annual increase                           289,645
Stock-based compensation cost             $ 100,000       $ 100,000      
Common stock initially reserved for issuance       270,000     559,645       559,645      
Estimated weighted-average fair value                     $ 13.66      
Unrecognized stock-based compensation expense             $ 400,000       $ 400,000      
Unrecognized stock-based compensation expense, weighted-average period for recognition                     1 year      
Dividend yield                     0.00%      
Employee and Nonemployee Director                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Estimated weighted-average fair value                     $ 18.68      
Common Stock                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued                   2,524,852        
Number of shares authorized to repurchase           3,373,408                
Stock repurchase program, number of shares right lapse           843,352                
Remaining number of shares to be repurchased           2,530,056                
Stock repurchase program, period in force           48 months                
Stock repurchase program expiration date           Mar. 31, 2023                
Proceeds from issuance of common stock                   $ 1,000,000        
Repurchase right lapse each month after first anniversary, shares                   0.000208        
Repurchases of shares     17,560                      
Shares aggregate repurchase price     $ 5.20                      
Common Stock | 2019 Incentive Award Plan                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Common stock, shares authorized for issuance       2,700,000                    
Number of shares available for issuance             2,518,853       2,518,853      
Additional number of shares available for issuance       1,416,788                    
Common Stock | Employee Stock Purchase Plan                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued                     0      
Maximum percentage of eligible compensation contributed by participants       20.00%                    
Common Stock | IPO                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued 10,997,630                          
Common stock, price per share $ 19.00                          
Proceeds from Initial Public Offering (IPO) $ 191,500,000                          
Common Stock | Underwriters                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued 1,434,473                          
Common Stock | Employees                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Remaining number of shares to be repurchased             1,467,128       1,467,128      
Common Stock | First Anniversary                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Repurchase right lapse rate                   25.00%        
Common Stock | Takeda License                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued         1,084,000       1,084,000          
Common Stock | Founders                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Remaining number of shares to be repurchased             1,581,285       1,581,285      
Common Stock | Frazier                            
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                            
Shares issued           1,491,072