Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

Related Party Transactions

22. Related Party Transaction

As of December 31, 2020, Regeneron owned 883,568 shares of the Company’s common stock. As of December 31, 2019, Regeneron owned 7,125,552 shares (not adjusted for the Exchange Ratio) of the Company’s redeemable convertible preferred stock. Regeneron became a related party in July 2019 as a result of Series B redeemable convertible preferred stock financing. Upon closing the Merger 7,125,552 shares of the redeemable convertible preferred stock converted into 883,568 shares of the Company’s common stock. For the years ended December 31, 2020, 2019 and 2018, the Company recorded revenue of $17.9 million, $1.0 million and $8.2 million, respectively. As of December 31, 2020, the Company recorded no accounts receivable and has deferred revenue of $14.0 million related to the Regeneron Agreement (See Note 10).