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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 37,004 $ 111,973
Marketable securities 125,122 143,705
Prepaid expenses and other current assets 11,250 6,202
Total current assets 173,376 261,880
Property and equipment, net 3,054 3,981
Operating lease right-of-use assets 4,546 5,909
Other assets 770 680
Total assets 181,746 272,450
Current liabilities    
Accounts payable 2,205 1,459
Accrued research and development expenses 12,062 15,626
Current portion of long-term debt 11,613 11,613
Accrued expenses and other current liabilities 14,260 20,532
Total current liabilities 40,140 49,230
Long-term convertible senior notes 196,144 195,709
Debt, non-current portion 6,436 11,988
Operating lease liabilities - long-term 1,826 3,446
Total liabilities 244,546 260,373
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 95,452,703 shares issued and outstanding as of June 30, 2023, and 94,478,405 shares issued and 94,423,181 shares outstanding as of December 31, 2022 10 10
Additional paid-in capital 1,061,555 1,044,864
Accumulated deficit (1,123,884) (1,032,223)
Accumulated other comprehensive loss (481) (574)
Total stockholders' equity (deficit) (62,800) 12,077
Total liabilities and stockholders' equity (deficit) $ 181,746 $ 272,450