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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 86,877 $ 32,109
Marketable securities 267,611 264,316
Receivable from contracts with collaborators 3,629 0
Prepaid expenses and other current assets 12,786 10,094
Total current assets 370,903 306,519
Property and equipment, net 824 1,648
Operating lease right-of-use assets 1,662 3,131
Other assets 59 618
Total assets 373,448 311,916
Current liabilities    
Accounts payable 1,000 5,526
Accrued research and development expenses 10,861 7,779
Current portion of long-term debt 0 11,613
Current contract liabilities 17,013 0
Accrued expenses and other current liabilities 16,311 26,680
Total current liabilities 45,185 51,598
Long-term convertible senior notes 197,051 196,591
Long-term debt 0 814
Operating lease liabilities - long-term 0 144
Long-term contract liabilities 49,683 0
Total liabilities 291,919 249,147
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 226,227,259 shares issued and outstanding as of June 30, 2024, and 225,409,315 shares issued and outstanding as of December 31, 2023 23 23
Additional paid-in capital 1,286,760 1,275,136
Accumulated deficit (1,204,736) (1,212,040)
Accumulated other comprehensive loss (518) (350)
Total stockholders' equity 81,529 62,769
Total liabilities and stockholders' equity $ 373,448 $ 311,916