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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Revenue      
Total revenue $ 65,324 $ 67,635 $ 79,204
Operating expenses:      
Research and development 106,740 131,476 163,524
General and administrative 43,933 57,850 52,887
Total operating expenses 150,673 189,326 216,411
Loss from operations (85,349) (121,691) (137,207)
Other income (expense):      
Interest expense (7,681) (10,940) (5,148)
Interest and investment income, net 9,442 14,770 11,360
Change in fair value of Series 1 nonconvertible preferred stock 39 73 0
Total other income, net 1,800 3,903 6,212
Loss before income taxes (83,549) (117,788) (130,995)
Income tax benefit (expense) 1,660 1,743 (2,821)
Net loss $ (81,889) $ (116,045) $ (133,816)
Net loss per share:      
Basic $ (3.84) $ (5.48) $ (6.38)
Diluted $ (3.84) $ (5.48) $ (6.38)
Weighted average shares outstanding:      
Basic 21,336 21,157 20,969
Diluted 21,336 21,157 20,969
Royalty [Member]      
Revenue      
Total revenue $ 65,324 $ 67,635 $ 78,204
License [Member]      
Revenue      
Total revenue $ 0 $ 0 $ 1,000