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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 37,159 $ 74,555
Marketable securities 420,043 474,306
Prepaid expenses and other current assets 12,162 16,946
Total current assets 469,364 565,807
Property and equipment, net 18,216 21,861
Operating lease right-of-use assets 20,809 25,195
Restricted cash 1,546 1,546
Other assets 6,088 7,418
Total assets 516,023 621,827
Current liabilities:    
Accounts payable 5,017 3,775
Accrued clinical supply costs 3,379 5,215
Accrued liabilities 25,696 30,378
Deferred revenue, current portion 55,427 82,975
Payable to collaboration partner 6,772 7,703
Refund liability to collaboration partner, current portion 37,554 39,440
Operating lease liabilities, current portion 8,680 8,462
Total current liabilities 142,525 177,948
Deferred revenue, long-term portion 192,775 210,845
Refund liability to collaboration partner, long-term portion 34,597 67,047
Operating lease liabilities, long-term portion 25,959 30,456
Other long-term liabilities 1,234 1,373
Total liabilities 397,090 487,669
Commitments and contingencies (Note 4)
Stockholders' equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized; 97,929,897 and 84,879,693 shares issued and outstanding as of September 30, 2024 and December 31, 2023 9 8
Additional paid-in capital 945,046 844,044
Accumulated other comprehensive income 931 184
Accumulated deficit (827,053) (710,078)
Total stockholders' equity 118,933 134,158
Total liabilities and stockholders’ equity $ 516,023 $ 621,827