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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 118,710 $ 340,396
Marketable securities 467,590 270,331
Prepaid and other assets 10,847 12,215
Total current assets 597,147 622,942
Property and equipment, net 7,845 6,254
Restricted cash 251 251
Right-of-use assets 8,259 8,755
Other assets 474 598
Total assets 613,976 638,800
Current liabilities:    
Accounts payable and accrued liabilities 33,890 32,572
Accrued compensation 6,009 11,190
Lease liabilities, current portion 3,129 3,105
Deferred revenue, current portion 5,057 5,041
Total current liabilities 48,085 51,908
Lease liabilities, net of current portion 6,976 7,582
Deferred revenue, net of current portion 0 1,235
Total liabilities 55,061 60,725
Contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 70,813 and 69,768 at March 31, 2023 and December 31, 2022, respectively 7 7
Additional paid-in capital 971,375 939,310
Accumulated other comprehensive loss (1,529) (2,698)
Accumulated deficit (410,938) (358,544)
Total stockholders’ equity 558,915 578,075
Total liabilities and stockholders’ equity $ 613,976 $ 638,800