Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
9 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

5.

Property and Equipment

Property and equipment consisted of the following as of each period end:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Leasehold improvements

 

$

50,038

 

 

$

49,028

 

Lab equipment

 

 

7,862

 

 

 

6,815

 

Machinery and equipment

 

 

4,531

 

 

 

3,832

 

Computer equipment and software

 

 

4,071

 

 

 

3,299

 

Furniture and fixtures

 

 

2,052

 

 

 

1,764

 

Construction in progress

 

 

1,017

 

 

 

1,116

 

Property and equipment, gross

 

 

69,571

 

 

 

65,854

 

Less: accumulated depreciation and amortization

 

 

(17,617

)

 

 

(11,678

)

Property and equipment, net

 

$

51,954

 

 

$

54,176

 

 

Depreciation and amortization expense was $2.2 million and $1.8 million for the three months ended September 30, 2020 and 2019, respectively, and $6.2 million and $5.2 million for the nine months ended September 30, 2020 and 2019, respectively.