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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 97,832 $ 129,792
Short-term investments 338,617 337,531
Prepaid expenses and other current assets 12,911 6,285
Total current assets 449,360 473,608
Property and equipment, net 3,120 3,228
Operating right-of-use assets 4,698 5,136
Other non-current assets 47 45
Total assets 457,225 482,017
Current liabilities:    
Accounts payable 6,538 4,742
Accrued expenses and other current liabilities 15,448 18,558
Operating lease liabilities, current portion 1,600 1,440
Total current liabilities 23,586 24,740
Operating lease liabilities, net of current portion 3,525 4,013
Other non-current liabilities 296 298
Total liabilities 27,407 29,051
Commitments and contingencies (Note 5)
Shareholders' equity:    
Undesignated shares - $0.0001 par value; 90,188 and 90,188 shares authorized as of March 31, 2024 and December 31, 2023, respectively
Ordinary shares - $0.0001 par value; 500,000 shares authorized as of March 31, 2024 and December 31, 2023; 139,855 and 139,220 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 14 14
Additional paid-in capital 662,502 659,003
Accumulated other comprehensive (loss) income (90) 521
Accumulated deficit (232,608) (206,572)
Total shareholders' equity 429,818 452,966
Total liabilities and shareholders' equity $ 457,225 $ 482,017