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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 128,211 $ 218,097
Short-term marketable securities 507,029 503,229
Prepaid expenses and other current assets 13,021 15,312
Total current assets 648,261 736,638
Prepaid expenses and other assets, non-current 325 2,678
Operating lease right-of-use asset 1,101 1,195
Property, plant and equipment, net 1,509 2,179
Restricted cash 543 0
Total assets 651,739 742,690
Current liabilities    
Accounts payable 40,722 41,920
Accrued research and development expenses 35,117 35,436
Accrued compensation and other current liabilities 5,479 6,833
Severance liability 1,134 970
Total current liabilities 82,452 85,159
Operating lease liability, non-current 1,069 1,194
Total liabilities 83,521 86,353
Stockholders’ equity    
Common stock, par value of $0.00001 per share; 790,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 99,570,421 and 97,865,890 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 1,177,748 1,144,893
Accumulated other comprehensive income (loss) (167) 162
Accumulated deficit (609,364) (488,719)
Total stockholders' equity 568,218 656,337
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 651,739 $ 742,690