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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 189,388 $ 200,641
Inventory 109 0
Prepaid expenses and other current assets 20,386 24,240
Total current assets 209,883 224,881
Property and equipment, net 1,901 1,896
Operating lease right-of-use asset 1,827 2,229
Other non-current assets 1,857 175
Total assets 215,468 229,181
Current liabilities:    
Accounts payable 1,168 7,953
Accrued expenses 34,003 40,860
Operating lease liability, current 1,134 1,443
Other current liability 40 35
Total current liabilities 36,345 50,291
Operating lease liability, non-current 625 722
Other non-current liability 0 700
Total liabilities 36,970 51,713
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):    
Preferred stock (undesignated), $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 119,221,230 shares issued and outstanding at March 31, 2024; 110,160,684 shares issued and outstanding at December 31, 2023 12 11
Additional paid-in capital 954,063 909,539
Accumulated other comprehensive loss (12) (13)
Accumulated deficit (775,565) (732,069)
Total stockholders' equity 178,498 177,468
Total liabilities, preferred stock and stockholders' equity $ 215,468 $ 229,181