Property and Equipment, Net

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	As of
	September 30, 2021			December 31, 2020
	(in thousands)
Laboratory equipment	$	14,017		$	12,703
Manufacturing equipment		7,959			7,754
Computers and purchased software		1,597			1,596
Furniture and fixtures		1,625			1,363
Leasehold improvements		30,074			29,961
Assets not yet in service		20			—
Property and equipment, at cost		55,292			53,377
Less: accumulated depreciation and amortization		(22,595	)		(16,375	)
Property and equipment, net	$	32,697		$	37,002

Depreciation expense for the three and nine months ended September 30, 2021 was approximately $2.1 million and $6.3 million, respectively, compared to $2.0 million and $5.9 million, respectively for the three and nine months ended September 30, 2020. The Company disposed of less than $0.1 million of property and equipment during the three and nine months ended September 30, 2021. There were no disposals of property and equipment during the three and nine months ended September 30, 2020.