Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 71,005	$ 136,586
Short-term investments	194,405	175,819
Prepaid expenses and other current assets	5,109	3,518
Total current assets	270,519	315,923
Property and equipment, net	13,484	15,422
Operating lease right-of-use assets	2,394	3,000
Finance lease right-of-use assets	33	71
Restricted cash	339	339
Other non-current assets	1,063	975
Total assets	287,832	335,730
Current liabilities:
Accounts payable	1,544	1,336
Accrued expenses and other current liabilities	9,424	9,731
Operating lease liabilities, current	3,073	2,945
Finance lease liabilities, current	31	54
Contingent value rights liability, current	638	1,091
Total current liabilities	14,710	15,157
Operating lease liabilities, non-current	7,097	9,403
Finance lease liabilities, non-current	7	26
Contingent value rights liability, non-current	427	718
Other liabilities	51	51
Total liabilities	22,292	25,355
Stockholders' equity:
Preferred stock, $0.000001 par value; $50,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock, $0.000001 par value; $450,000,000 shares authorized as of September 30, 2025 and December 31, 2024; $14,775,285 and $14,854,725 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	0	0
Additional paid-in capital	593,454	572,673
Accumulated deficit	(327,914)	(262,298)
Total stockholders' equity	265,540	310,375
Total liabilities and stockholders' equity	$ 287,832	$ 335,730

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).