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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Condensed Consolidated Statements of Operations and Comprehensive Loss        
Collaboration revenue $ 0 $ 2,910 $ 6,941 $ 6,303
Operating expenses:        
In-process research and development 0 6,706 0 124,972
Research and development 49,193 37,200 126,516 81,652
General and administrative 10,945 9,526 31,677 22,509
Total operating expenses 60,138 53,432 158,193 229,133
Loss from operations (60,138) (50,522) (151,252) (222,830)
Interest income 2,681 3,422 8,758 10,116
Net loss $ (57,457) $ (47,100) $ (142,494) $ (212,714)
Per share information:        
Net loss per share, basic $ (0.65) $ (0.78) $ (1.68) $ (3.72)
Net loss per share, diluted $ (0.65) $ (0.78) $ (1.68) $ (3.72)
Weighted-average shares outstanding, basic 87,957,868 60,205,327 84,824,298 57,239,668
Weighted-average shares outstanding, diluted 87,957,868 60,205,327 84,824,298 57,239,668
Comprehensive loss:        
Net loss $ (57,457) $ (47,100) $ (142,494) $ (212,714)
Unrealized gain (loss) on marketable securities 24 68 (57) 48
Comprehensive loss $ (57,433) $ (47,032) $ (142,551) $ (212,666)