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Collaboration, License and Success Payment Agreements (Tables)
9 Months Ended
Sep. 30, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Summary of Changes in Deferred Revenue Changes in deferred revenue during the nine months ended September 30, 2021 were as follows (in thousands):

 

Deferred revenue balance at December 31, 2020

 

$

95,161

 

Revenue recognized during the period previously recorded in deferred revenue

 

 

(7,697

)

Deferred revenue balance at September 30, 2021

 

$

87,464

 

 

Fred Hutch [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Schedule of Aggregate Potential Success Payments

The following table summarizes the aggregate potential success payments, which are payable to Fred Hutch in cash or cash equivalents or, at the Company’s discretion, publicly-tradeable shares of the Company’s common stock:

 

Multiple of initial equity value at issuance

 

10x

 

 

20x

 

 

30x

 

 

40x

 

 

50x

 

Per share common stock price required for payment

 

$

18.29

 

 

$

36.58

 

 

$

54.86

 

 

$

73.15

 

 

$

91.44

 

Aggregate success payment(s) (in millions)

 

$

10

 

 

$

40

 

 

$

90

 

 

$

140

 

 

$

200

 

Stanford [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Schedule of Aggregate Potential Success Payments

The following table summarizes the aggregate potential success payments, which are payable to Stanford in cash or cash equivalents or, at the Company’s discretion, publicly-tradeable shares of the Company’s common stock:

 

Multiple of initial equity value at issuance

 

10x

 

 

20x

 

 

30x

 

 

40x

 

 

50x

 

Per share common stock price required for payment

 

$

18.29

 

 

$

36.58

 

 

$

54.86

 

 

$

73.15

 

 

$

91.44

 

Aggregate success payment(s) (in millions)

 

$

10

 

 

$

40

 

 

$

90

 

 

$

140

 

 

$

200