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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 114,615 $ 295,394
Short-term investments 319,963 275,304
Short-term deposits 8,583 6,885
Other receivable 6,073 0
Prepaid expenses and other current assets 4,665 3,293
Total current assets 453,899 580,876
Long-term investments 87,416 29,829
Property and equipment, net 5 8
Right-of-use asset, net 1,243 1,487
Restricted cash 217 217
Other assets 248 463
Total assets 543,028 612,880
Current liabilities:    
Accounts payable 8,809 9,961
Collaboration payable, net 7,547 7,232
Accrued expenses and other current liabilities 33,395 39,856
Current portion of right-of-use liability 1,042 1,035
Current portion of capital lease 12 12
Total current liabilities 50,805 58,096
Long-term liabilities:    
Right-of-use liability, less current portion 327 578
Capital lease, less current portion 7 10
Total long-term liabilities 334 588
Total liabilities 51,139 58,684
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 84,979,686 and 84,826,632 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 8 8
Additional paid-in capital 1,467,437 1,456,370
Accumulated other comprehensive (loss) gain (756) 218
Accumulated deficit (974,800) (902,400)
Total stockholders’ equity 491,889 554,196
Total liabilities and stockholders’ equity $ 543,028 $ 612,880