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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 85,650 $ 340,396
Marketable securities 456,933 270,331
Prepaid and other assets 12,904 12,215
Total current assets 555,487 622,942
Property and equipment, net 8,130 6,254
Restricted cash 295 251
Right-of-use assets 8,907 8,755
Other assets 344 598
Total assets 573,163 638,800
Current liabilities:    
Accounts payable and accrued liabilities 31,981 32,572
Accrued compensation 11,165 11,190
Lease liabilities, current portion 3,602 3,105
Deferred revenue, current portion 1,968 5,041
Total current liabilities 48,716 51,908
Lease liabilities, net of current portion 6,979 7,582
Deferred revenue, net of current portion 0 1,235
Total liabilities 55,695 60,725
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 74,101 and 69,768 at September 30, 2023 and December 31, 2022, respectively 7 7
Additional paid-in capital 1,029,660 939,310
Accumulated other comprehensive loss (1,878) (2,698)
Accumulated deficit (510,321) (358,544)
Total stockholders’ equity 517,468 578,075
Total liabilities and stockholders’ equity $ 573,163 $ 638,800