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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 217,573 $ 316,161
Marketable securities 344,715 262,709
Prepaid and other current assets 12,494 14,664
Total current assets 574,782 593,534
Operating lease right-of-use assets 2,118 2,293
Property and equipment, net 37 46
Other assets 385 396
Total assets 577,322 596,269
Current liabilities:    
Accounts payable 15,352 8,585
Accrued expenses 20,295 20,530
Operating lease liabilities, current 702 496
Term loan, current 1,892 0
Total current liabilities 38,241 29,611
Operating lease liability, non-current 1,640 1,817
Term loan, noncurrent, net 23,065 24,795
Other noncurrent liabilities 3,837 3,740
Total liabilities 66,783 59,963
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value: 200,000,000 shares authorized; 95,199,724 and 93,269,377 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 95 93
Additional paid-in capital 1,020,076 993,455
Accumulated other comprehensive (loss) income (519) 190
Accumulated deficit (509,113) (457,432)
Total stockholders’ equity 510,539 536,306
Total liabilities and stockholders’ equity $ 577,322 $ 596,269