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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (298,665) $ (174,683) $ (115,884)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 4,400 3,294 1,618
Amortization of intangible assets 1,042 1,223 1,138
Impairment of intangible assets 832    
Amortization of premiums (accretion of discounts) on investments, net 1,548 (179) (328)
Noncash lease expense 3,371    
Change in estimated fair value of contingent consideration 38,394 8,330 250
Payment of contingent consideration in excess of acquisition date fair value (15,752)    
Initial fair value of derivative liability   13,599  
Change in estimated fair value of derivative liability 16,796 (1,150)  
Change in estimated fair value of convertible preferred stock warrant liability   2,049 95
Preferred stock issued in connection with asset acquisition     1,750
Common stock issued in connection with license agreement   617  
Change in deferred income taxes (52)   (480)
Stock-based compensation 27,600 8,719 5,053
Loss on write-off and disposal of property and equipment   345 198
Other 23    
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (4,475) (4,619) (4,172)
Other assets (1,100) (1,881) 151
Accounts payable (790) 964 1,471
Accrued liabilities and other long-term liabilities 46,614 10,211 7,171
Operating lease liabilities (3,684)    
Deferred revenue (7,043) 3,529 7,873
Net cash used in operating activities (190,941) (129,632) (94,096)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (6,549) (8,940) (8,192)
Purchases of investments (403,841) (643,898) (123,105)
Maturities of investments 400,348 396,680 72,574
Proceeds from sale of property and equipment     25
Asset acquisitions     (1,743)
Proceeds from disposal of an asset held for sale 180    
Net cash used in investing activities (9,862) (256,158) (60,441)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 323,214 126,411  
Proceeds from issuance of convertible preferred stock, net of issuance costs   317,335 14,254
Proceeds received from financing lease obligation   1,202  
Payment of contingent consideration (4,248)    
Payment of principal on financing lease obligations (250) (95)  
Proceeds from repayment of promissory notes   3,265  
Proceeds from exercise of stock options 4,059 1,129 584
Cash paid in lieu of fractional shares related to reverse stock split   (3)  
Advanced proceeds from convertible preferred stock financing     10,140
Net cash provided by financing activities 529,474 449,244 24,978
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 328,671 63,454 (129,559)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 122,816 59,362 188,921
Cash, cash equivalents and restricted cash and cash equivalents at end of period 451,487 122,816 59,362
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Property and equipment purchases included in accounts payable and accrued liabilities 382 892 1,996
Issuance of preferred stock in connection with asset acquisition     593
Conversion of preferred stock into common stock upon completion of initial public offering   636,612  
Operating lease liabilities obtained in exchange of right-of-use asset 48,495    
Advanced proceeds applied to convertible preferred stock issuance   10,140  
Reclassification of derivative liability to additional paid-in capital 29,245    
Reclassification of preferred stock warrant liability to additional paid-in capital   3,073  
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:      
Cash and cash equivalents 436,575 109,335 47,598
Restricted cash and cash equivalents, current 7,993 6,181 10,761
Restricted cash and cash equivalents, noncurrent 6,919 7,300 1,003
Cash, cash equivalents and restricted cash and cash equivalents at end of period 451,487 $ 122,816 $ 59,362
Collaboration Agreement      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock $ 206,699