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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 182,988 $ 47,730
Investments in marketable securities, current 50,998 220,499
Assets held for sale 20 0
Prepaid expenses and other current assets 4,777 7,136
Total current assets 238,783 275,365
Restricted cash 1,716 1,716
Investments in marketable securities, non-current 0 15,322
Property and equipment, net 12,534 22,630
Operating lease right-of-use assets 13,195 5,580
Other assets 0 1,289
Total assets 266,228 321,902
Current liabilities:    
Accounts payable 3,753 2,608
Accrued compensation 1,899 3,799
Accrued research costs 30 720
Accrued expenses and other current liabilities 3,416 1,871
Operating lease liabilities, current 3,439 4,045
Total current liabilities 12,537 13,043
Operating lease liabilities, non-current 49,672 1,749
Other long- term liabilities 0 10,819
Total liabilities 62,209 25,611
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized as of September 30, 2023 and December 31, 2022; and no shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, $0.00001 par value, 300,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 57,989,273 and 58,221,760 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in-capital 548,249 539,741
Accumulated other comprehensive loss (95) (1,048)
Accumulated deficit (344,136) (242,403)
Total stockholders’ equity 204,019 296,291
Total liabilities and stockholders’ equity $ 266,228 $ 321,902