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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 197,864 $ 285,507
Prepaid expenses and other current assets 4,629 3,802
Total current assets 202,493 289,309
Restricted cash 6,184 6,324
Property and equipment, net 106,688 120,482
Operating lease right-of-use asset 48,564 54,541
Other assets 8,740 8,716
Total assets 372,669 479,372
Current liabilities:    
Accounts payable 3,292 13,608
Accrued and other current liabilities 10,572 18,351
Operating lease liability 10,196 9,770
Total current liabilities 24,060 41,729
Operating lease liability, net of current portion 63,239 71,862
Liability related to sale of future royalties 100,000 100,000
Total liabilities 187,299 213,591
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value, 490,000,000 shares authorized at September 30, 2024 and December 31, 2023; 52,623,087 and 52,508,602 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 5 5
Additional paid-in capital 1,469,998 1,418,307
Accumulated deficit (1,284,633) (1,152,531)
Total stockholders’ equity 185,370 265,781
Total liabilities and stockholders’ equity $ 372,669 $ 479,372