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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
Condensed Consolidated Statements of Operations and Comprehensive Loss        
Collaboration revenue $ 4,015 $ 2,364 $ 6,941 $ 3,393
Operating expenses:        
In-process research and development 0 6,312 0 118,266
Research and development 40,451 29,083 77,323 44,452
General and administrative 10,042 6,978 20,732 12,983
Total operating expenses 50,493 42,373 98,055 175,701
Loss from operations (46,478) (40,009) (91,114) (172,308)
Interest income 3,081 3,887 6,077 6,694
Net loss $ (43,397) $ (36,122) $ (85,037) $ (165,614)
Per share information:        
Net loss per share, basic $ (0.5) $ (0.6) $ (1.02) $ (2.97)
Net loss per share, diluted $ (0.5) $ (0.6) $ (1.02) $ (2.97)
Weighted-average shares outstanding, basic 87,010,742 59,936,703 83,231,544 55,740,543
Weighted-average shares outstanding, diluted 87,010,742 59,936,703 83,231,544 55,740,543
Comprehensive loss:        
Net loss $ (43,397) $ (36,122) $ (85,037) $ (165,614)
Unrealized loss on marketable securities (21) (2) (81) (20)
Comprehensive loss $ (43,418) $ (36,124) $ (85,118) $ (165,634)