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Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,292 $ 21,709
Marketable securities 52,534 92,585
Prepaid expenses and other current assets 1,210 923
Prepaid research and development 1,180 2,742
Total current assets 87,216 117,959
Property and equipment, net 10,036 15,295
Right of use assets - operating leases 14,037 16,858
Other assets 463 433
Total assets 111,752 150,545
Current liabilities:    
Accounts payable 1,489 1,298
Accrued expenses and other current liabilities 6,729 11,670
Non-refundable sublicense payments received 5,000  
Operating lease liabilities 3,733 3,373
Total current liabilities 16,951 16,341
Operating lease liabilities - noncurrent 22,085 22,921
Total liabilities 39,036 39,262
Commitments and contingencies (note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding at both September 30, 2024 and December 31, 2023
Common stock, $0.0001 par value: 300,000,000 shares authorized; 61,767,286 shares issued and outstanding at September 30, 2024 and 54,944,130 shares issued and outstanding at December 31, 2023 6 5
Additional paidin capital 719,188 705,789
Accumulated other comprehensive income (loss) 32 (43)
Accumulated deficit (646,510) (594,468)
Total stockholders' equity 72,716 111,283
Total liabilities and stockholders' equity $ 111,752 $ 150,545