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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 117,977 $ 41,574
Collaboration receivable — related party 55,000 0
Prepaid expenses 6,006 19,057
Other current assets 9,538 2,254
Total current assets 246,071 142,976
Property and equipment, net 23,287 22,659
Operating lease right-of-use assets 49,364 13,941
Restricted cash 14,062 13,496
Other assets 0 779
Total assets 332,784 193,851
Current liabilities:    
Accounts payable 5,429 19,537
Accrued expenses and other current liabilities [1] 18,684 14,110
Accrued settlement payment — related party 0 13,500
Deferred revenue — related party 9,280 0
Operating lease liability 4,484 9,276
Total current liabilities 37,877 56,423
Deferred revenue, net of current — related party 62,639 0
Operating lease liability, net of current 36,764 4,357
Research and development funding liability 6,000 0
Total liabilities 143,280 60,780
Commitments and contingencies
Stockholders’ equity    
Common stock, par value of $0.00001 per share; 775,000,000 shares authorized; 131,160,842 and 97,377,121 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in capital 834,417 624,414
Accumulated other comprehensive loss 21 (15)
Accumulated deficit (644,936) (491,330)
Total stockholders’ equity 189,504 133,071
Total liabilities and stockholders’ equity 332,784 193,851
Nonrelated Party    
Current assets:    
Short-term investments 52,642 74,639
Related Party    
Current assets:    
Short-term investments $ 4,908 5,452
Current liabilities:    
Accrued expenses and other current liabilities   $ 100
[1] (1) Includes related party amount of $0.1 million as of December 31, 2023