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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 107,736 $ 280,119
Investments 730,254 677,954
Accounts receivable 288 403
Contract asset 4,764 4,537
Prepaid expenses and other current assets 12,751 13,229
Total current assets 855,793 976,242
Property and equipment, net 8,922 6,543
Operating lease assets 19,828 20,780
Restricted cash 2,578 2,578
Intangible asset 2,300 2,300
Total assets 889,421 1,008,443
Current liabilities:    
Accounts payable 4,296 8,276
Accrued expenses 22,108 13,557
Operating lease liabilities 2,002 1,844
Deferred revenue 83 248
Other current liabilities 15,413 396
Total current liabilities 43,902 24,321
Operating lease liabilities, net of current portion 20,019 21,056
Contingent consideration liability 45,863 50,258
Other liabilities   15,000
Total liabilities 109,784 110,635
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 and 150,000,000 shares authorized at June 30, 2022 and December 31, 2021, respectively; 108,810,478 and 108,210,318 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 109 109
Additional paid-in capital 1,698,368 1,666,887
Accumulated other comprehensive loss (11,906) (1,088)
Accumulated deficit (906,934) (768,100)
Total stockholders’ equity 779,637 897,808
Total liabilities and stockholders’ equity $ 889,421 $ 1,008,443