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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 81.3 $ 108.3
Restricted cash 5.5 4.5
Marketable securities 1,124.0 1,394.3
Accounts receivable 1.0 15.0
Other receivables 7.0 10.7
Prepaid expenses and other current assets 21.4 19.7
Total current assets 1,240.2 1,552.5
Property, equipment and leasehold improvements, net 13.4 12.7
Operating lease right of use assets 4.4 3.9
Collaboration contract asset and other assets 10.8 12.5
Total assets 1,268.8 1,581.6
Current liabilities:    
Accounts payable and accrued liabilities 74.7 54.4
Deferred revenue 218.6 206.2
Current portion of operating lease liability 1.8 1.1
Total current liabilities 295.1 261.7
Deferred revenue 405.1 534.3
Long term debt 1.0 1.0
Operating lease liability 2.7 2.9
Total liabilities 703.9 799.9
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 53.2 and 53.0 shares issued and outstanding as of December 31, 2022 and 2021, respectively 0.1 0.0
Accumulated deficit (965.4) (682.9)
Additional paid-in capital 1,549.4 1,469.2
Accumulated other comprehensive loss (19.2) (4.6)
Total stockholders' equity 564.9 781.7
Total liabilities and stockholders' equity $ 1,268.8 $ 1,581.6