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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 40,925 $ 51,579
Marketable securities 198,513 200,641
Prepaid expenses and other assets 17,493 12,125
Total current assets: 256,931 264,345
Property and equipment, net 762 762
Operating lease right-of-use assets 10,162 11,509
Marketable securities 40,261  
Restricted cash 975 975
Other long-term assets 102 102
Total assets 309,193 277,693
Current liabilities    
Accounts payable 6,583 5,756
Accrued expenses 10,550 15,508
Current portion of operating lease liabilities 971 1,001
Total current liabilities 18,104 22,265
Operating lease liabilities, net of current portion 10,294 11,505
Total liabilities 28,398 33,770
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.0001 par value; 900,000,000 shares authorized at June 30, 2024 and December 31, 2023; 70,662,806 shares issued and outstanding at June 30, 2024; 59,252,349 and 59,239,113 shares issued and outstanding, respectively, at December 31, 2023 7 6
Additional paid-in capital 770,745 663,154
Accumulated other comprehensive loss (248) (50)
Accumulated deficit (489,709) (419,187)
Total stockholders' equity 280,795 243,923
Total liabilities and stockholders' equity $ 309,193 $ 277,693