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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 65,242 $ 111,973
Marketable securities 136,614 143,705
Prepaid expenses and other current assets 8,557 6,202
Total current assets 210,413 261,880
Property and equipment, net 3,516 3,981
Operating lease right-of-use assets 5,234 5,909
Other assets 743 680
Total assets 219,906 272,450
Current liabilities    
Accounts payable 2,731 1,459
Accrued research and development expenses 11,523 15,626
Current portion of long-term debt 11,613 11,613
Accrued expenses and other current liabilities 14,704 20,532
Total current liabilities 40,571 49,230
Long-term convertible senior notes 195,925 195,709
Debt, non-current portion 9,221 11,988
Operating lease liabilities - long-term 2,645 3,446
Total liabilities 248,362 260,373
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 95,444,096 shares issued and outstanding as of March 31, 2023, and 94,478,405 shares issued and 94,423,181 shares outstanding as of December 31, 2022 10 10
Additional paid-in capital 1,053,358 1,044,864
Accumulated deficit (1,081,388) (1,032,223)
Accumulated other comprehensive loss (436) (574)
Total stockholders' equity (deficit) (28,456) 12,077
Total liabilities and stockholders' equity (deficit) $ 219,906 $ 272,450