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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 212,218 $ 316,161
Marketable securities 319,166 262,709
Prepaid and other current assets 48,470 14,664
Total current assets 579,854 593,534
Operating lease right-of-use assets 1,942 2,293
Property and equipment, net 27 46
Other assets 315 396
Total assets 582,138 596,269
Current liabilities:    
Accounts payable 17,461 8,585
Accrued expenses 18,663 20,530
Operating lease liabilities, current 759 496
Term loan, current 4,770 0
Total current liabilities 41,653 29,611
Operating lease liabilities, noncurrent 1,463 1,817
Term loan, noncurrent, net 20,355 24,795
Other noncurrent liabilities 3,750 3,740
Total liabilities 67,221 59,963
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value: 200,000,000 shares authorized; 104,915,176 and 93,269,377 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 105 93
Additional paid-in capital 1,072,579 993,455
Accumulated other comprehensive (loss) income (683) 190
Accumulated deficit (557,084) (457,432)
Total stockholders’ equity 514,917 536,306
Total liabilities and stockholders’ equity $ 582,138 $ 596,269