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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 21,369 $ 18,323 $ 42,902 $ 37,059
General and administrative 5,714 4,491 11,006 9,636
Total operating expenses 27,083 22,814 53,908 46,695
Loss from operations (27,083) (22,814) (53,908) (46,695)
Other income (expense):        
Interest income 241 998 424 2,185
Change in fair value of the tranche rights 0 0 0 (4,796)
Other income (expense), net 22 436 1,191 (1,658)
Total other income (expense) 263 1,434 1,615 (4,269)
Net loss $ (26,820) $ (21,380) $ (52,293) $ (50,964)
Net loss per share, basic (in usd per share) $ (0.20) $ (0.21) $ (0.45) $ (0.51)
Net loss per share, diluted (in usd per share) $ (0.20) $ (0.21) $ (0.45) $ (0.51)
Weighted-average common shares outstanding, basic (in shares) 132,175,202 101,272,580 116,844,985 99,607,158
Weighted-average common shares outstanding, diluted (in shares) 132,175,202 101,272,580 116,844,985 99,607,158