XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 91,877 $ 182,476
Collaboration receivable — related party 17 0
Prepaid expenses 2,948 6,777
Other current assets 16,544 14,667
Total current assets 163,765 211,886
Property and equipment, net 24,956 24,404
Operating lease right-of-use assets 125,380 47,156
Restricted cash 14,062 14,062
Total assets 328,163 297,508
Current liabilities:    
Accounts payable 10,025 11,351
Accrued expenses and other current liabilities 9,191 15,904
Deferred revenue — related party 8,214 7,092
Operating lease liability 6,858 3,614
Total current liabilities 34,288 37,961
Deferred revenue, net of current — related party 60,658 63,218
Operating lease liability, net of current 114,293 37,180
Research and development funding liability 12,000 6,000
Total liabilities 221,239 144,359
Commitments and contingencies
Stockholders’ equity    
Common stock, par value of $0.00001 per share; 775,000,000 shares authorized; 131,160,842 and 131,160,842 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 846,039 840,358
Accumulated other comprehensive loss (15) 1
Accumulated deficit (739,102) (687,212)
Total stockholders’ equity 106,924 153,149
Total liabilities and stockholders’ equity 328,163 297,508
Nonrelated Party    
Current assets:    
Short-term investments 48,467 2,998
Related Party    
Current assets:    
Short-term investments $ 3,912 $ 4,968