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Property and Equipment, net
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

4. Property and Equipment, net

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

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Computer equipment

 

$

3,645

 

 

$

3,618

 

Furniture, fixtures and other

 

 

8,109

 

 

 

8,109

 

Laboratory equipment

 

 

40,953

 

 

 

37,897

 

Leasehold improvements

 

 

143,343

 

 

 

141,680

 

Construction work in process

 

 

6,938

 

 

 

6,162

 

Total property and equipment, gross

 

 

202,988

 

 

 

197,466

 

Accumulated depreciation

 

 

(43,816

)

 

 

(33,832

)

Total property and equipment, net

 

$

159,172

 

 

$

163,634

 

 

Depreciation expense for the three and six months ended June 30, 2023 was $5.0 million and $10.0 million, respectively. Depreciation expense for the three and six months ended June 30, 2022 was $7.3 million and $13.3 million, respectively.