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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 72,889 $ 64,330
Marketable securities 220,672 296,112
Prepaid expenses and other current assets 5,083 6,686
Total current assets 298,644 367,128
Property and equipment, net 12,354 7,224
Restricted cash 5,237 5,237
Operating lease right-of-use assets 839 1,839
Other long term assets 7,193 2,696
Total assets 324,267 384,124
Current liabilities:    
Accounts payable 6,320 7,077
Accrued expenses 18,620 12,992
Operating lease obligations, current portion 907 1,955
Total current liabilities 25,847 22,024
Success Payment Liability 1,756 4,371
Other long term liabilities 331 377
Total liabilities 27,934 26,772
Commitments and contingencies (See Note 7 and Note 8)
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.001 par value; 200,000,000 and 255,000,000 shares authorized, 48,655,241 and 48,511,735 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 49 49
Additional paid-in capital 555,184 544,381
Accumulated other comprehensive income (938) (228)
Accumulated deficit (257,962) (186,850)
Total stockholders equity 296,333 357,352
Total liabilities, convertible preferred stock, and stockholders' equity (deficit) $ 324,267 $ 384,124