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Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 15,288   $ 29,396  
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Collaboration Revenue [Member]   Collaboration Revenue [Member]  
Operating Expenses        
Research and development $ 62,785 $ 39,727 $ 118,758 $ 75,995
General and administrative 25,169 16,677 48,004 34,861
Total operating expenses 87,954 56,404 166,762 110,856
Loss from operations (72,666) (56,404) (137,366) (110,856)
Other Income (Expense)        
Interest and other income 6,935 5,973 14,814 11,298
Interest expense (391) (406) (773) (804)
Total other income, net 6,544 5,567 14,041 10,494
Loss before income taxes (66,122) (50,837) (123,325) (100,362)
Income tax expense     226  
Net Loss $ (66,122) $ (50,837) $ (123,551) $ (100,362)
Net loss per share, basic $ (0.75) $ (0.59) $ (1.41) $ (1.18)
Net loss per share, diluted $ (0.75) $ (0.59) $ (1.41) $ (1.18)
Weighted average number of shares used in computing net loss per share, basic 87,586 86,635 87,501 85,270
Weighted average number of shares used in computing net loss per share, diluted 87,586 86,635 87,501 85,270
Comprehensive Loss        
Net loss $ (66,122) $ (50,837) $ (123,551) $ (100,362)
Other comprehensive income (loss)        
Unrealized gain (loss) on short-term investments (263) 353 (53) 808
Comprehensive Loss $ (66,385) $ (50,484) $ (123,604) $ (99,554)