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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 251,926 $ 55,255
Short-term available-for-sale securities 196,378 132,905
Prepaid and other current assets 11,222 7,920
Total current assets 459,526 196,080
Operating lease right-of-use asset 238 363
Property and equipment, net 58 92
Other assets 289 289
Total assets 460,111 196,824
Current liabilities:    
Accounts payable 10,903 12,502
Accrued expenses 14,133 11,944
Operating lease liability, current 176 168
Total current liabilities 25,212 24,614
Operating lease liability, non-current 53 186
Term loan, non-current, net 24,637 20,192
Total liabilities 49,902 44,992
Commitments and contingencies (Note 5)  
Stockholders’ equity:    
Common stock 75 51
Additional paid-in capital 827,878 467,374
Accumulated other comprehensive loss (547) (350)
Accumulated deficit (417,197) (315,243)
Total stockholders’ equity 410,209 151,832
Total liabilities and stockholders’ equity $ 460,111 $ 196,824