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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (116,806) $ (225,358)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,397 8,916
Stock-based compensation 33,984 59,341
Accretion and amortization of premiums and discounts on investments, net (8,492) 989
Amortization of collaboration contract assets 7,196 1,546
Deferred revenue (41,116) (959)
Changes in fair value of stock price appreciation milestones liability (3,160) (15,131)
Grant income from CIRM award (4,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 36,942 (1,547)
Prepaid expenses and other assets 14,512 (10,924)
Accounts payable and accrued expenses (27,047) 10,865
Right-of-use assets and lease liabilities, net (1,036) (557)
Net cash used in operating activities (95,626) (172,819)
Investing activities    
Purchases of property and equipment (5,972) (28,889)
Purchases of investments (308,844) (297,694)
Maturities of investments 382,128 440,222
Net cash provided by investing activities 67,312 113,639
Financing activities    
Issuance of common stock from equity incentive plans, net of issuance costs 265 7,690
Net cash provided by financing activities 265 7,690
Net change in cash, cash equivalents and restricted cash (28,049) (51,490)
Cash, cash equivalents and restricted cash at beginning of the period 76,560 148,810
Cash, cash equivalents and restricted cash at end of the period 48,511 97,320
Supplemental schedule of noncash investing and financing activities    
Purchases of property and equipment in accounts payable 168 1,988
Right-of use assets obtained in exchange for lease obligations $ 62 $ 682