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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (72,950,000) $ (26,651,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 117,000 0
Change in fair value of preferred stock tranche liability   17,030,000
Research and development license expense 5,500,000 3,000,000
Stock-based compensation 8,143,000  
Other 194,000  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (3,282,000) (9,000)
Accounts payable 2,382,000 1,237,000
Accrued expenses and other liabilities 15,053,000 1,214,000
Due to related party (8,000) 14,000
Net cash used in operating activities (44,851,000) (4,165,000)
Cash flows from investing activities    
Purchase of research and development license (5,500,000) (3,000,000)
Purchase of property, plant and equipment (3,532,000)  
Net cash used in investing activities (9,032,000) (3,000,000)
Cash flows from financing activities    
Proceeds from issuances of Series A convertible preferred stock   18,600,000
Payment of Series A convertible preferred stock issuance costs   (263,000)
Proceeds from note payable to related party   1,673,000
Repayment of note payable to related party   (1,645,000)
Net cash provided by financing activities   18,365,000
Net (decrease) increase in cash and cash equivalents (53,883,000) 11,200,000
Cash at the beginning of the period 251,253,000  
Cash at the end of the period 197,370,000 11,200,000
Supplemental disclosure of cash flow information:    
Cash paid for interest   27,000
Supplemental disclosure of noncash investing and financing activities:    
Property, plant and equipment in accounts payable and accrued expenses 3,308,000 19,000
Acquisition of property, plant and equipment funded by landlord 606,000  
Build-to-suit lease liability $ 26,250,000  
Deferred offering costs not yet paid   90,000
Reclassification of preferred stock tranche liability   904,000
Allocation of preferred stock tranche liability   1,050,000
Series A convertible preferred stock issuance costs not yet paid   $ 177,000