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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 54,123 $ 29,429
Marketable securities 224,264 275,523
Accounts and other receivables 1,314 347
Prepaid and other current assets 9,896 12,394
Total current assets 289,597 317,693
Property and equipment, net 3,995 3,747
Operating lease right-of-use assets, net 3,633 4,001
Intangible assets 27,190 27,190
Other assets 104 104
Total assets 324,519 352,735
Current liabilities:    
Accounts payable 3,374 3,340
Accrued expenses 9,374 12,835
Current portion of operating lease liabilities 1,493 1,445
Current portion of other long-term liabilities 978 990
Total current liabilities 15,219 18,610
Long-term portion of operating lease liabilities 2,157 2,588
Other long-term liabilities 4,403 5,333
Total liabilities 21,779 26,531
Commitments and contingent liabilities
Stockholders' equity:    
Convertible preferred stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding at March 31, 2023 and December 31, 2022   0
Common stock, $.001 par value; 297,000,000 shares authorized; 47,244,681 and 47,200,695 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 47 47
Additional paid-in capital 1,585,863 1,580,829
Accumulated other comprehensive income 2,123 1,260
Accumulated deficit (1,285,293) (1,255,932)
Total stockholders' equity 302,740 326,204
Total liabilities and stockholders' equity $ 324,519 $ 352,735