Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Schedule of financial assets and liabilities subject to fair value measurements

	As of
	September 30, 2022		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Money market funds and cash equivalents	$	10,729		—	$	10,729		—
Marketable securities		304,888		—		304,888		—
	$	315,617		—	$	315,617		—
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 nine months ended September 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 September 30, 2022	$	—