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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 394,804 $ 19,782
Restricted cash 149 35
Prepaid expenses and other current assets 6,276 1,286
Total current assets 401,229 21,103
Property, plant and equipment, net 5,834 1,461
Operating lease right-of-use assets 9,077  
Other assets 12  
Total assets 416,152 22,564
Current liabilities:    
Accounts payable 1,763 630
Accrued compensation 1,659 466
Accrued research costs 1,730 1,764
Accrued expenses and other current liabilities 1,314 126
Current portion of operating lease liabilities 4,806  
Series A redeemable convertible preferred stock tranche liability   29,062
Total current liabilities 11,272 32,048
Non-current operating lease liabilities 4,684  
Other liabilities 64 316
Total liabilities 16,020 32,364
Commitments and contingencies (Note 7)
Series A redeemable convertible preferred stock, $0.00001 par value; zero and 45,024,986 shares authorized as of September 30, 2021 and December 31, 2020, respectively; zero and 30,019,945 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively; aggregate liquidation preference of $30,020 as of December 31, 2020   55,608
Stockholders’ equity (deficit):    
Preferred stock, $0.00001 par value, 10,000,000 and zero shares authorized as of September 30, 2021 and December 31, 2020, respectively; and no shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively;
Common stock, $0.00001 par value, 300,000,000 and 80,000,000 shares authorized as of September 30, 2021 and December 31, 2020, respectively; 58,079,002 and 10,279,102 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 1  
Additional paid-in-capital 522,552 5,183
Accumulated deficit (122,421) (70,591)
Total stockholders’ equity (deficit) 400,132 (65,408)
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) $ 416,152 $ 22,564