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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue under licensing agreements $ 925 $ 0 $ 925 $ 0
Operating expenses:        
Research and development expenses 15,744 10,321 29,285 20,604
General and administrative expenses 5,315 2,275 10,553 5,027
Total operating expenses 21,059 12,596 39,838 25,631
Loss from operations (20,134) (12,596) (38,913) (25,631)
Other income (expense):        
Interest income 2,035 743 4,355 1,520
Interest expense (4) (3) (7) (5)
Other income 144 0 287 0
Other expense (533) (4) (1,135) (7)
Net loss $ (18,492) $ (11,860) $ (35,413) $ (24,123)
Per share information        
Net income (loss) per share, basic (in dollars per share) [1] $ (1.09) $ (26.68) $ (2.09) $ (54.94)
Net income (loss) per share, diluted (in dollars per share) [1] $ (1.09) $ (26.68) $ (2.09) $ (54.94)
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares) [1] 16,941,524 444,465 16,922,630 439,073
Weighted-average shares outstanding used in computing net income (loss) per share, diluted (in shares) [1] 16,941,524 444,465 16,922,630 439,073
[1] For the three and six months ended June 30, 2023, net loss per share information is presented for the Company’s then outstanding Class A common stock. For the three and six months ended June 30, 2024, net loss per share information is presented for the Company’s common stock. See Note 1, Reverse Merger and Pre-Closing Financing and Note 3, Net Loss Per Share Attributable to Common Stockholders, for additional information.