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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 96,554 $ 172,560
Marketable securities 400,523 351,721
Collaboration receivable 1,399 3,255
Prepaid expenses and other current assets 13,174 15,215
Total current assets 511,650 542,751
Property and equipment, net 18,457 18,644
Restricted cash 4,774 4,774
Operating lease right-of-use assets 76,217 78,082
Other long term assets 3,065 3,141
Total assets 614,163 647,392
Current liabilities:    
Accounts payable 5,352 4,520
Accrued expenses 17,053 24,342
Deferred revenue, current 19,060 3,605
Lease liability, current portion 10,516 10,442
Total current liabilities 51,981 42,909
Long-term lease liability 58,120 59,541
Success payment liability 959 1,182
Deferred revenue, non-current 29,520 50,265
Other long term liabilities 70 95
Total liabilities 140,650 153,992
Commitments and contingencies (See Note 7, Note 8)
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized, 88,796,578 and 88,758,218 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 89 89
Additional paid-in capital 1,247,078 1,235,897
Accumulated other comprehensive income 393 428
Accumulated deficit (774,047) (743,014)
Total stockholders equity 473,513 493,400
Total liabilities and stockholders' equity $ 614,163 $ 647,392