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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (78,538) $ (62,734)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 417 23
Common stock issued to acquire in-process research and development 3,000
Stock-based compensation 8,198 5,603
Changes in operating assets and liabilities:    
Prepaid expenses and other (753) (1,217)
Accounts payable (4,079) 3,370
Operating lease liabilities and ROU asset, net 5 (10)
Accrued expenses and other current liabilities (1,002) (1,147)
Net cash used in operating activities (75,752) (53,112)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (43,476) (9,685)
Net cash used in investing activities (43,476) (9,685)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 2
Proceeds from ESPP 40 96
Proceeds, net of $4,255 expenses, from sale of convertible redeemable preferred stock 27,245
Redemption of convertible redeemable preferred stock (31,500)
Proceeds, net of $2,738 and $9,329 expenses, from sale of common stock 84,830 168,622
Net cash provided by financing activities 80,615 168,720
Effect of currency rate change on cash (69) (21)
Net (decrease) increase in cash, cash equivalents and restricted cash (38,682) 105,902
Cash, cash equivalents and restricted cash beginning of the period 178,900 77,308
Cash, cash equivalents and restricted cash end of period 140,218 183,210
Non-cash financing and investing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities (3,310)  
Preferred stock deemed dividend $ 4,255

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