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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (44,628) $ (25,383)
Adjustment to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 5,295 1,133
Change in fair value of derivative liabilities 0 6,416
Depreciation expense 37 38
Accretion of discount on investments (990) 0
Noncash rent expense 287 0
Changes in current assets and liabilities:    
Prepaid expenses and other current assets (2,308) (270)
Other non-current assets (33) (25)
Accounts payable 1,528 496
Amounts due to related party 190 (453)
Accrued expenses and other current liabilities 4,551 860
Non-current operating lease liability (301)  
Net cash used in operating activities (36,372) (17,188)
Cash flows from investing activities:    
Purchases of equipment (33) (19)
Proceeds from sales and maturities of investments 17,765 0
Purchases of investments (292,775) 0
Net cash used in investing activities (275,043) (19)
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock, net 0 44,669
Proceeds from exercise of common stock options 270 0
Proceeds from initial public offering, net of issuance costs of $1,275 213,844 0
Payment of deferred offering costs 0 (408)
Net cash provided by financing activities 214,114 44,261
Net decrease in cash and cash equivalents (97,301) 27,054
Cash, cash equivalents and restricted cash, beginning of period 154,721 51,660
Cash, cash equivalents and restricted cash, end of period 57,420 78,714
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents    
Cash, cash equivalents and restricted cash, end of period 57,420 78,714
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering and stock issuance costs included in accounts payable and accrued expenses and other current liabilities 0 1,169
Conversion of preferred stock 200,573 0
Right-of-use assets obtained in exchange for operating lease obligation 8,274  
Line of credit for operating lease obligation 1,168 0
Series B preferred stock    
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of preferred stock $ 0 $ 6,393