Property and Equipment, Net

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

5. Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):


	March 31, 2024			December 31, 2023
Laboratory and manufacturing equipment	$	75,931		$	75,632
Computer equipment and software		4,727			4,700
Furniture and fixtures		7,018			7,052
Leasehold improvements		101,340			101,927
Total property and equipment		189,016			189,311
Accumulated depreciation and amortization		(61,354	)		(57,208	)
Property and equipment, net	$	127,662		$	132,103

In March 2024, the Company entered into an agreement to sublease its office facilities in New York, New York. In connection with the sublease, the Company recorded impairment of property and equipment of $0.7 million during the three months ended March 31, 2024 related to furniture and fixtures and leasehold improvements located at the subleased facility. Please refer to Note 6 for further information regarding the sublease agreement and associated impairment of long-lived assets.