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Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 366,828 $ 158,874
Prepaid expenses 2,921 156
Prepaid research and development 12,340 6,745
Total current assets 382,089 165,775
Property and equipment, net 1,137 1,087
Other assets 9,201 11,751
Total assets 392,427 178,613
Current liabilities:    
Accounts payable 2,532 629
Accrued expenses and other current liabilities 2,696 3,052
Total current liabilities 5,228 3,681
Deferred rent 489 504
Other liabilities 44 76
Total liabilities 5,761 4,261
Convertible preferred stock, $0.0001 par value:    
Total convertible preferred stock   230,605
Commitments (note 7)
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value: 300,000,000 shares authorized; 45,797,195 shares issued and 45,350,687 shares outstanding at March 31, 2020 and 5,194,518 shares issued and 4,293,039 shares outstanding at December 31, 2019 4  
Additional paid‑in capital 462,910 2,410
Accumulated deficit (76,248) (58,663)
Total stockholders’ equity (deficit) 386,666 (56,253)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 392,427 178,613
Series A-1 Convertible Preferred Stock    
Convertible preferred stock, $0.0001 par value:    
Total convertible preferred stock   74,397
Series A-2 Convertible Preferred Stock    
Convertible preferred stock, $0.0001 par value:    
Total convertible preferred stock   46,311
Series B Convertible Preferred Stock    
Convertible preferred stock, $0.0001 par value:    
Total convertible preferred stock   $ 109,897