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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 130,708 $ 105,219
Marketable securities 315,764 123,439
Restricted cash   200
Prepaid expenses and other current assets 5,902 3,095
Total current assets 452,374 231,953
Property and equipment, net 5,133 3,193
Operating lease right-of-use assets 10,860  
Other assets 1,387 4,273
Total assets 469,754 239,419
Current liabilities    
Accounts payable 2,555 2,182
Accrued research and development expenses 19,171 10,653
Accrued expenses 11,443 7,568
Total current liabilities 33,169 20,403
Long-term debt 28,370  
Operating lease liabilities 9,342  
Accrued expenses - long-term   718
Total liabilities 70,881 21,121
Commitments and contingencies
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of September 30, 2019 and 49,160,177 shares authorized as of December 31, 2018; 66,038,122 shares issued and 60,984,958 shares outstanding as of September 30, 2019, and 15,533,450 shares issued and 8,051,418 shares outstanding as of December 31, 2018 7 2
Additional paid-in capital 678,010 33,853
Accumulated deficit (279,472) (153,863)
Accumulated other comprehensive income (loss) 328 (61)
Total stockholders' equity (deficit) 398,873 (120,069)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 469,754 239,419
Series Seed Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference 0 29,200
Series A Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference 0 79,615
Series B Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference $ 0 $ 229,552