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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 119,445 $ 280,119
Investments 778,733 677,954
Accounts receivable 269 403
Contract asset 4,677 4,537
Prepaid expenses and other current assets 12,663 13,229
Total current assets 915,787 976,242
Property and equipment, net 8,904 6,543
Operating lease assets 20,309 20,780
Restricted cash 2,578 2,578
Intangible asset 2,300 2,300
Total assets 949,878 1,008,443
Current liabilities:    
Accounts payable 8,053 8,276
Accrued expenses 15,217 13,557
Operating lease liabilities 1,922 1,844
Deferred revenue 166 248
Other current liabilities 16,332 396
Total current liabilities 41,690 24,321
Operating lease liabilities, net of current portion 20,555 21,056
Contingent consideration liability 45,663 50,258
Other liabilities   15,000
Total liabilities 107,908 110,635
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; 150,000,000 shares authorized at March 31, 2022 and December 31, 2021; [-] and 108,210,318 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively; 109 109
Additional paid-in capital 1,681,225 1,666,887
Accumulated other comprehensive loss (9,218) (1,088)
Accumulated deficit (830,146) (768,100)
Total stockholders’ equity 841,970 897,808
Total liabilities and stockholders’ equity $ 949,878 $ 1,008,443