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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (162,155) $ (166,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 32,466 33,963
Depreciation and amortization 2,098 2,227
Amortization of debt discount   785
Amortization of debt issuance costs 152 69
(Accretion of discount) amortization of premium on short-term investments (162) 223
Impairment of property and equipment 130 354
Loss on disposal of property and equipment 74  
Change in operating assets and liabilities:    
Accounts receivable (6,689) (1,236)
Inventory (3,857) 403
Prepaid expenses and other assets 5,726 (5,694)
Accounts payable 2,744 5,360
Accrued clinical and manufacturing liabilities 13,582 (32,811)
Accrued payroll and employee liabilities (555) 2,409
Other accrued and other non-current liabilities 7,068 1,889
Net cash used in operating activities (109,378) (158,096)
Investing activities:    
Purchases of short-term investments (127,115) (91,321)
Maturities and sales of short-term investments 122,957 150,940
Purchases of property and equipment (1,411) (2,632)
Proceeds from the sale of property and equipment 224  
Net cash (used in) provided by investing activities (5,345) 56,987
Financing activities:    
Net proceeds from convertible note financing   148,963
Net proceeds from private placement 75,163  
Net proceeds from issuance of common stock under equity incentive plan (1,315) 5,049
Proceeds from purchases under the employee stock purchase plan 772 1,529
Net cash provided by financing activities 74,620 155,541
Net (decrease) increase in cash and cash equivalents (40,103) 54,432
Cash and cash equivalents at beginning of year 90,541 105,138
Cash and cash equivalents at end of period 50,438 $ 159,570
Supplemental disclosure of cash flow information:    
Interest paid $ 1,125