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Stock-Based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Summary of Assumptions Used in Black-Scholes Option Pricing Model

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Three Months Ended

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Nine Months Ended

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​

September 30, 

​

September 30, 

​

    

2024

    

2023

    

2024

    

2023

Risk-free interest rate

 

N/A

​

4.20%

​

4.12% - 4.34%

​

3.38% - 4.22%

Expected volatility

 

N/A

​

80.8%

​

89.6% - 89.8%

​

76.3% - 81.3%

Expected dividend yield

 

N/A

​

0%

​

0%

​

0%

Expected life of employee and Board options (in years)

 

N/A

​

6.25

 

6.25

​

6.25

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

Year Ended December 31, 

​

​

    

2023

    

2022

    

2021

 

Risk-free interest rate

 

3.38% - 4.65

%  

1.70% - 4.21

%  

0.66% - 1.41

%

Expected volatility

 

76.3% - 81.3

%  

77.7% - 81.9

%  

71.6% - 83.5

%

Expected dividend yield

 

0

%  

0

%  

0

%

Expected life of employee and Board options (in years)

 

6.25

 

6.25

 

6.25

​

Summary of Compensation Expense Recognized  

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​

​

​

​

​

Year Ended December 31, 

​

    

2023

    

2022

    

2021

Research and development

​

$

5,973

​

$

7,222

​

$

7,126

General and administrative

​

 

5,634

​

 

6,426

​

 

9,569

Total stock option expense

​

$

11,607

​

$

13,648

​

$

16,695

Summary of Stock Option Activity

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​

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​

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Weighted

​

​

Number of

​

Average Exercise

​

    

Shares

    

 Price

Outstanding, December 31, 2023

 

658,138

​

$

155.88

Granted

 

253,760

​

 

10.32

Exercised

 

—

​

 

—

Forfeited

 

(275,941)

​

 

60.96

Expired

 

(280,993)

​

 

179.04

Outstanding, September 30, 2024

 

354,964

​

$

107.40

Options exercisable, September 30, 2024

 

190,407

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

Aggregate

​

​

Number of

​

Average Exercise

​

Intrinsic

​

    

Shares

    

 Price

    

Value

Outstanding, December 31, 2022

 

640,787

​

$

172.20

 

​

  

Granted

 

167,056

​

 

97.80

 

​

  

Exercised

 

(7,768)

​

 

72.00

 

​

  

Forfeited

 

(23,836)

​

 

111.00

 

​

  

Expired

 

(118,101)

​

 

176.88

 

​

  

Outstanding, December 31, 2023

 

658,138

​

$

155.88

​

$

—

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

6.71

​

 

  

​

 

  

Options exercisable, December 31, 2023

 

403,337

​

$

176.28

​

$

—

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

5.46

​

 

  

​

 

  

Options vested and expected to vest as of December 31, 2023

 

658,138

​

$

155.88

​

$

—

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

6.71

​

 

  

​

 

  

Employees And Non-Employee Members Of Board Of Directors    
Summary of Restricted Stock Unit Activity

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​

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​

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​

Weighted

​

​

Number of

​

Average Grant

​

    

Units

    

Date Fair Value

Outstanding, December 31, 2023

 

47,194

​

$

111.24

Awarded

 

75,323

​

 

7.92

Vested and released

 

(30,494)

​

 

93.72

Forfeited

 

(11,362)

​

 

126.84

Outstanding, September 30, 2024

 

80,661

​

$

19.20

Restricted stock units exercisable (vested and deferred), September 30, 2024

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

​

Number of

​

Average Grant

​

    

Units

    

Date Fair Value

Outstanding, December 31, 2022

 

31,043

​

$

158.40

Awarded

 

50,098

​

 

93.72

Vested and released

 

(16,939)

​

 

149.52

Forfeited

 

(17,008)

​

 

107.52

Outstanding, December 31, 2023

 

47,194

​

$

111.24

Restricted stock units exercisable (vested and deferred), December 31, 2023

 

—

​

​

​

Stock Options    
Summary of Compensation Expense Recognized

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30, 

​

September 30, 

​

    

2024

    

2023

    

2024

    

2023

Research and development

​

$

16

​

$

1,387

​

$

795

​

$

4,314

General and administrative

​

 

1,120

​

 

1,447

​

 

3,494

​

 

4,122

Total stock option expense

​

$

1,136

​

$

2,834

​

$

4,289

​

$

8,436

 
Restricted Stock Units    
Summary of Compensation Expense Recognized

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30, 

​

September 30,

​

    

2024

    

2023

    

2024

    

2023

Research and development

 

$

—

​

$

90

​

$

249

​

$

385

General and administrative

​

​

353

​

​

410

​

​

2,036

​

​

1,308

Total restricted stock unit expense

 

$

353

​

$

500

​

$

2,285

​

$

1,693