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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:        
Research and development $ 4,002 $ 5,806 $ 8,913 $ 8,917
General and administrative 2,627 3,063 4,767 4,306
Total operating expenses 6,629 8,869 13,680 13,223
Loss from operations (6,629) (8,869) (13,680) (13,223)
Interest income 172 377 419 652
Other income, net   12,659   7,159
Net (loss) income $ (6,457) $ 4,167 $ (13,261) $ (5,412)
Net (loss) income per share attributable to common stockholders, basic (in dollars per share) $ (0.69) $ 0.51 $ (1.41) $ (1)
Net (loss) income per share attributable to common stockholders, diluted (in dollars per share) $ (0.69) $ (1) $ (1.41) $ (2.04)
Weighted-average common shares outstanding, basic (in shares) 9,381,344 8,246,582 9,381,344 5,426,688
Weighted-average common shares outstanding, diluted (in shares) 9,381,344 8,455,223 9,381,344 6,160,967
Comprehensive (loss) income:        
Net (loss) income $ (6,457) $ 4,167 $ (13,261) $ (5,412)
Unrealized loss on short-term investments (1) (15) (8) (13)
Comprehensive (loss) income $ (6,458) $ 4,152 $ (13,269) $ (5,425)