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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements  
Schedule of financial assets and liabilities subject to fair value measurements

    

As of

    

    

    

December 31, 2021

Level 1

Level 2

Level 3

(In thousands)

Assets:

Money market funds and cash equivalents

$

26,220

 

$

26,220

 

Marketable securities

369,107

 

369,107

 

$

395,327

$

395,327

Liabilities:

Kolltan acquisition contingent consideration

$

6,862

$

6,862

$

6,862

 

$

6,862

    

As of

    

    

    

December 31, 2020

Level 1

Level 2

Level 3

(In thousands)

Assets:

Money market funds and cash equivalents

$

35,066

 

$

35,066

 

Marketable securities

150,586

 

150,586

 

$

185,652

$

185,652

Liabilities:

Kolltan acquisition contingent consideration

$

8,267

$

8,267

$

8,267

 

$

8,267

Schedule of the contingent consideration liabilities measured at fair value using Level 3 inputs

The following table reflects the activity for the Company’s contingent consideration liabilities measured at fair value using Level 3 inputs for the year ended December 31, 2021 (in thousands):

    

Other Liabilities:

Contingent

Consideration

Balance at December 31, 2020

$

8,267

Fair value adjustments included in operating expenses

(1,405)

Balance at December 31, 2021

$

6,862