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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Sublicense And Other Revenue [Member] Sublicense And Other Revenue [Member] Sublicense And Other Revenue [Member] Sublicense And Other Revenue [Member]
Total revenues $ 258 $ 183 $ 502 $ 267
Operating expenses:        
Research and development 15,915 10,215 27,693 17,863
General and administrative 4,396 4,195 8,667 8,762
Total operating expenses 20,311 14,410 36,360 26,625
Loss from operations (20,053) (14,227) (35,858) (26,358)
Other income, net:        
Interest income, net 630 1,273 1,342 2,671
Other income 6 0 4 0
Loss before income taxes (19,417) (12,954) (34,512) (23,687)
Income taxes 0 (7) 0 (7)
Net loss (19,417) (12,961) (34,512) (23,694)
Unrealized gain on marketable securities 13 20 14 22
Comprehensive loss $ (19,404) $ (12,941) $ (34,498) $ (23,672)
Basic, net loss per common share (in dollars per share) $ (0.54) $ (0.42) $ (1.02) $ (0.77)
Diluted, net loss per common share (in dollars per share) $ (0.54) $ (0.42) $ (1.02) $ (0.77)
Weighted average common shares outstanding, basic (in shares) 35,749,160 30,632,347 33,850,346 30,617,970
Weighted average common shares outstanding, diluted (in shares) 35,749,160 30,632,347 33,850,346 30,617,970