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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 799,247 $ 944,396
Marketable securities 24,578
Prepaid expenses and other current assets 6,259 3,031
Total current assets 805,506 972,005
Restricted cash 6,324 6,324
Property and equipment, net 22,939 5,136
Operating lease right-of-use asset 68,450 73,672
Other assets 54,987 10,210
Total assets 958,206 1,067,347
Current liabilities:    
Accounts payable 13,761 8,646
Accrued and other current liabilities 39,016 20,402
Operating lease liability 1,619 2,374
Total current liabilities 54,396 31,422
Operating lease liability, net of current portion 77,338 75,028
Liability related to sale of future royalties 99,929 99,890
Other liabilities 223 256
Total liabilities 231,886 206,596
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value
Common stock, $0.0001 par value 5 5
Additional paid-in capital 1,191,367 1,151,920
Accumulated other comprehensive income 53
Accumulated deficit (465,052) (291,227)
Total stockholders’ equity 726,320 860,751
Total liabilities and stockholders’ equity $ 958,206 $ 1,067,347