Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.22.0.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment are summarized as follows (in thousands):
  Years Ended December 31,
  2021 2020
Leasehold improvements
 $ 13,130  $ 14,159 
Laboratory equipment
 11,354  11,188 
Office furniture and equipment 1,959  2,120 
Computer equipment 396  394 
Property and equipment at cost
 26,839  27,861 
Accumulated depreciation
 (7,717) (5,815)
Property and equipment, net
 $ 19,122  $ 22,046 
Depreciation expense was $2.4 million and $2.1 million for the years ended December 31, 2021 and 2020, respectively. There were no other changes in accumulated depreciation other than the foreign currency impact.