Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements

Schedule of financial assets and liabilities subject to fair value measurements

	As of
	June 30, 2022		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Money market funds and cash equivalents	$	7,114		—	$	7,114		—
Marketable securities		328,416		—		328,416		—
	$	335,530		—	$	335,530		—
Liabilities:
Kolltan acquisition contingent consideration	$	—		—		—	$	—
	$	—		—		—	$	—

	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

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 six months ended June 30, 2022 (in thousands):

	Other Liabilities:
	Contingent
	Consideration
Balance at December 31, 2021	$	6,862
Fair value adjustments included in operating expenses		(6,862)
Balance at June 30, 2022	$	—