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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses        
Research and development $ 30,138 $ 6,043 $ 57,082 $ 16,500
General and administrative 49,197 3,318 68,558 9,341
Change in fair value of contingent consideration 877 1,021 2,915 1,633
Total operating expenses 80,212 10,382 128,555 27,474
Operating loss (80,212) (10,382) (128,555) (27,474)
Other income (expense), net        
Change in fair value of warrants liabilities 0 (653) 0 (652)
Interest income, net 3,596 174 8,687 434
Total other income (expense), net 3,596 (479) 8,687 (218)
Net loss (76,616) (10,861) (119,868) (27,692)
Other comprehensive income (loss)        
Net unrealized gain on marketable securities 1,049 0 898 0
Foreign currency translation adjustment (1) (1) (3) (1)
Total comprehensive loss $ (75,568) $ (10,862) $ (118,973) $ (27,693)
Net loss per common share basic $ (1.83) $ (0.95) $ (3.08) $ (2.65)
Net loss per common share diluted $ (1.83) $ (0.95) $ (3.08) $ (2.65)
Weighted-average common shares outstanding used to calculate basic net loss per common share 41,879,025 11,436,748 38,917,169 10,443,186
Weighted-average common shares outstanding used to calculate diluted net loss per common share 41,879,025 11,436,748 38,917,169 10,443,186