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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Summary of Property and Equipment, Net

Property and equipment, net, consists of the following:

 

 

December 31,
2023

 

 

December 31,
2022

 

 

 

(In thousands)

 

Leasehold improvements

 

$

25,608

 

 

$

23,605

 

Laboratory equipment

 

 

19,973

 

 

 

20,537

 

Manufacturing equipment

 

 

17,716

 

 

 

17,468

 

Construction in progress

 

 

1,730

 

 

 

3,128

 

Computer equipment and software

 

 

1,614

 

 

 

1,060

 

Furniture and fixtures

 

 

976

 

 

 

910

 

Total property and equipment

 

$

67,617

 

 

$

66,708

 

Less: accumulated depreciation and amortization

 

 

(24,340

)

 

 

(15,676

)

Total property and equipment, net

 

$

43,277

 

 

$

51,032

 

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:

 

 

December 31,
2023

 

 

December 31,
2022

 

 

 

(In thousands)

 

Accrued compensation and related expenses

 

$

8,700

 

 

$

6,299

 

Accrued research and development expenses

 

 

2,583

 

 

 

3,214

 

Accrued professional services

 

 

743

 

 

 

482

 

ESPP deduction liability

 

 

88

 

 

 

124

 

Accrued facility management services

 

 

185

 

 

 

 

Other current liabilities

 

 

485

 

 

 

545

 

Total accrued and other current liabilities

 

$

12,784

 

 

$

10,664

 

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

 

 

December 31,
2023

 

 

December 31,
2022

 

 

 

(In thousands)

 

Prepaid expenses

 

 

5,783

 

 

 

4,044

 

Tax credit receivable

 

 

 

 

 

2,245

 

Other current assets

 

 

1,157

 

 

 

938

 

Total prepaid expenses and other current assets

 

$

6,940

 

 

$

7,227

 

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

 

 

December 31,
2023

 

 

December 31,
2022

 

 

 

(In thousands)

 

Prepaid expenses

 

 

5,783

 

 

 

4,044

 

Tax credit receivable

 

 

 

 

 

2,245

 

Other current assets

 

 

1,157

 

 

 

938

 

Total prepaid expenses and other current assets

 

$

6,940

 

 

$

7,227