Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Fair Value Hierarchy of Assets Measured on Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets measured at fair value on a recurring basis:

(in thousands)	Fair value measurement at reporting date using
	(Level 1)		(Level 2)		(Level 3)
December 31, 2024
Assets:
Cash equivalents – money markets accounts	$	14,887	$	—	$	—
December 31, 2023
Assets:
Cash equivalents – money markets accounts	$	62,999	$	—	$	—

Schedule of Significant Expense Categories by Segment

The table below summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2024 and 2023:

	Years Ended December 31,
	2024		2023
Collaboration revenues	$	19,632	$	14,919
Less:
Research and development, excluding facilities, personnel, depreciation and amortization expenses	33,147		45,905
General and administrative, excluding facilities and personnel expenses, depreciation and amortization expenses	14,829		19,118
Facilities expense	5,917		7,671
Personnel expense	24,564		27,324
Depreciation, amortization and interest on finance and sale-leaseback lease liabilities	3,894		3,984
Other segment items(a)	(2,242)		(2,204)
Net loss	$	(60,477)	$	(86,879)

(a) Other segment items include changes in warrant liability and interest income.

Schedule of Dilutive Securities

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:

	December 31,
	2024	2023
Stock options	7,746,991	6,023,370