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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (17,203) $ (22,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 443 499
Non-cash interest (income) expense (1) 31
Stock-based compensation expense 1,833 1,791
Changes in operating assets and liabilities:    
License agreement receivable (30,000)  
Prepaid and other assets (1,782) 406
Operating lease right-of-use asset 127 108
Accounts payable (304) (1,358)
Accrued expenses and other liabilities (2,495) (3,868)
Deferred revenue 39,124  
Operating lease liability (244) (213)
Net cash used in operating activities (10,502) (25,250)
Cash flows from investing activities:    
Purchases of property and equipment   (170)
Net cash used in investing activities   (170)
Cash flows from financing activities:    
Repayments of debt principal (3,333) (1,667)
Payments of finance lease (21) (21)
Proceeds from issuance of common stock under the Gilead stock purchase agreement, net of issuance costs 4,308  
Net cash provided by (used in) financing activities 954 (1,688)
Decrease in cash, cash equivalents and restricted cash (9,548) (27,108)
Cash, cash equivalents and restricted cash, beginning of period 46,291 121,947
Cash, cash equivalents and restricted cash, end of period 36,743 94,839
Supplemental cash flow disclosure:    
Cash paid for interest 62 209
Supplemental disclosure of non-cash activities:    
Capital expenditures included in accounts payable or accrued expenses 21 310
Reconciliation to amounts within the consolidated balance sheets:    
Cash and cash equivalents 33,980 93,271
Restricted cash 2,763 1,568
Cash, cash equivalents and restricted cash, end of period $ 36,743 $ 94,839