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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,600 $ 41,574
Prepaid expenses 4,199 19,057
Other current assets 3,736 2,254
Total current assets 170,803 142,976
Property and equipment, net 23,812 22,659
Operating lease right-of-use assets 51,594 13,941
Restricted cash 13,496 13,496
Other assets 0 779
Total assets 259,705 193,851
Current liabilities:    
Accounts payable 4,638 19,537
Accrued expenses and other current liabilities [1] 10,895 14,110
Accrued settlement payment — related party 0 13,500
Operating lease liability 5,216 9,276
Total current liabilities 20,749 56,423
Operating lease liability, net of current 36,367 4,357
Research and development funding liability 6,000 0
Total liabilities 63,116 60,780
Commitments and contingencies
Stockholders’ equity    
Common stock, par value of $0.00001 per share; 775,000,000 shares authorized; 120,030,813 and 97,377,121 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in capital 789,076 624,414
Accumulated other comprehensive loss (71) (15)
Accumulated deficit (592,418) (491,330)
Total stockholders’ equity 196,589 133,071
Total liabilities and stockholders’ equity 259,705 193,851
Nonrelated Party    
Current assets:    
Short-term investments 102,575 74,639
Related Party    
Current assets:    
Short-term investments $ 4,693 5,452
Current liabilities:    
Accrued expenses and other current liabilities   $ 300
[1] (1) Includes related party amount of $0.3 million as of December 31, 2023