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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 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 $ 303 $ 234 $ 804 $ 501
Operating expenses:        
Research and development 14,223 11,305 41,914 29,168
General and administrative 5,626 4,049 14,299 12,811
Total operating expenses 19,849 15,354 56,213 41,979
Loss from operations (19,546) (15,120) (55,409) (41,478)
Other income, net:        
Interest income, net 647 1,031 1,989 3,702
Other income 0 0 9 0
Loss before income taxes (18,899) (14,089) (53,411) (37,776)
Income taxes 0 0 0 (7)
Net loss (18,899) (14,089) (53,411) (37,783)
Unrealized gain (loss) on marketable securities (1) (11) 8 11
Comprehensive loss $ (18,900) $ (14,100) $ (53,403) $ (37,772)
Basic, net loss per common share (in dollars per share) $ (0.45) $ (0.46) $ (1.46) $ (1.23)
Diluted, net loss per common share (in dollars per share) $ (0.45) $ (0.46) $ (1.46) $ (1.23)
Weighted average common shares outstanding, basic (in shares) 42,234,405 30,711,872 36,655,195 30,649,384
Weighted average common shares outstanding, diluted (in shares) 42,234,405 30,711,872 36,655,195 30,649,384