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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 486,062 $ 135,089
Marketable securities 114,302 266,740
Prepaid expenses and other current assets 8,036 7,488
Total current assets 608,400 409,317
Property and equipment, net 5,757 5,425
Operating lease right-of-use assets 10,292 10,303
Other assets 627 1,559
Total assets 625,076 426,604
Current liabilities    
Accounts payable 222 956
Accrued research and development expenses 13,155 19,258
Accrued expenses and other current liabilities 14,167 16,709
Total current liabilities 27,544 36,923
Long-term convertible senior notes 140,715 0
Long-term debt 28,637 28,459
Operating lease liabilities - long-term 7,856 8,737
Total liabilities 204,752 74,119
Commitments and contingencies
Stockholders' equity    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 75,811,862 shares issued and 71,972,610 shares outstanding as of June 30, 2020, and 66,284,003 shares issued and 61,635,477 shares outstanding as of December 31, 2019 8 7
Additional paid-in capital 874,863 686,390
Accumulated deficit (455,114) (334,170)
Accumulated other comprehensive income 567 258
Total stockholders' equity 420,324 352,485
Total liabilities and stockholders' equity $ 625,076 $ 426,604