XML 10 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Collaboration revenue $ 1,907 $ 6,772 $ 3,536 $ 8,697
Type of Revenue [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember
Operating expenses:        
Research and development $ 27,430 $ 34,604 $ 56,566 $ 66,742
General and administrative 11,445 17,251 25,218 38,106
Total operating expenses 38,875 51,855 81,784 104,848
Loss from operations (36,968) (45,083) (78,248) (96,151)
Other income (expense):        
Interest income 2,921 4,827 6,257 8,976
Change in fair value of stock price appreciation milestones (73) 1,556 207 162
Other income 50 273 93 582
Total other income 2,898 6,656 6,557 9,720
Net loss (34,070) (38,427) (71,691) (86,431)
Other comprehensive (loss):        
Unrealized loss on available-for-sale securities, net (129) (228) (206) (437)
Comprehensive loss $ (34,199) $ (38,655) $ (71,897) $ (86,868)
Net loss per common share, basic $ (0.29) $ (0.33) $ (0.61) $ (0.79)
Net loss per common share, diluted $ (0.29) $ (0.33) $ (0.61) $ (0.79)
Weighted-average common shares outstanding used to compute diluted net loss per share 118,528,046 117,468,124 118,452,214 109,286,235
Weighted-average common shares outstanding used to compute basic net loss per share 118,528,046 117,468,124 118,452,214 109,286,235