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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 105,597 $ 145,647
Marketable securities 264,930 400,576
Prepaid expenses and other current assets 9,067 8,463
Total current assets 379,594 554,686
Restricted cash 1,690 284
Marketable securities, non-current 13,014 16,506
Other investments 19,000 32,001
Property and equipment, net 48,200 102,654
Operating lease right-of-use assets 24,739 39,663
Other non-current assets 4,622 4,235
Total assets 490,859 750,029
Current liabilities:    
Accounts payable 5,366 4,817
Accrued liabilities and other current liabilities 40,411 28,126
Success payment liabilities 411 1,576
Contingent consideration payable 7,600 0
Total current liabilities 53,788 34,519
Operating lease liabilities, non-current 50,994 56,894
Other non-current liabilities 3,253 3,664
Total liabilities 108,035 95,077
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized at December 31, 2024 and 2023, respectively; no shares issued and outstanding at December 31, 2024 and 2023 0 0
Common stock, $0.0001 par value; 500,000 shares authorized at December 31, 2024 and 2023, respectively; 294,876 and 253,958 shares issued and outstanding at December 31, 2024 and 2023, respectively 29 25
Additional paid-in capital 1,727,610 1,657,133
Accumulated other comprehensive income (loss) 291 (94)
Accumulated deficit (1,345,106) (1,002,112)
Total stockholders’ equity 382,824 654,952
Total liabilities and stockholders’ equity $ 490,859 $ 750,029