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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 206,180 $ 115,412
Marketable securities 417,770 439,396
Collaboration receivable 5,897 1,012
Prepaid expenses and other current assets 8,102 7,339
Total current assets 637,949 563,159
Property and equipment, net 22,505 18,778
Restricted cash 4,774 4,824
Operating lease right-of-use assets 85,295 91,877
Other long term assets 2,165 585
Total assets 752,688 679,223
Current liabilities:    
Accounts payable 6,636 2,424
Accrued expenses 20,178 20,767
Operating lease obligations, current portion 10,192 11,904
Total current liabilities 37,006 35,095
Long-term lease liability 64,715 70,014
Deferred revenue, non-current 48,556 20,014
Success payment liability 2,720 2,885
Other long term liabilities 189 283
Total liabilities 153,186 128,291
Commitments and contingencies (See Note 7 and 8)
Stockholders' equtiy    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued and oustanding 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized, 81,969,693 and 61,730,816 shares issued and outstanding at December 31, 2023 and 2022, respectively 82 62
Additional paid-in capital 1,143,453 895,801
Accumulated other comprehensive loss 272 (694)
Accumulated deficit (544,305) (344,237)
Total stockholders' equity 599,502 550,932
Total liabilities and stockholders' equity $ 752,688 $ 679,223