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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 38,863 $ 32,109
Marketable securities 205,531 264,316
Prepaid expenses and other current assets 10,875 10,094
Total current assets 255,269 306,519
Property and equipment, net 1,074 1,648
Operating lease right-of-use assets 2,404 3,131
Other assets 613 618
Total assets 259,360 311,916
Current liabilities    
Accounts payable 2,660 5,526
Accrued research and development expenses 8,929 7,779
Current portion of long-term debt 9,589 11,613
Accrued expenses and other current liabilities 14,641 26,680
Total current liabilities 35,819 51,598
Long-term convertible senior notes 196,819 196,591
Long-term debt 0 814
Operating lease liabilities - long-term 0 144
Total liabilities 232,638 249,147
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 226,218,653 shares issued and outstanding as of March 31, 2024, and 225,409,315 shares issued and outstanding as of December 31, 2023 23 23
Additional paid-in capital 1,281,295 1,275,136
Accumulated deficit (1,253,968) (1,212,040)
Accumulated other comprehensive loss (628) (350)
Total stockholders' equity 26,722 62,769
Total liabilities and stockholders' equity $ 259,360 $ 311,916