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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues:    
Total revenue $ 18,720 $ 31,249
Costs and expenses:    
Cost of revenue 2,792 3,423
Research and development 33,586 98,384
General and administrative 22,203 32,412
Licensing 12,666 14,658
Revaluation of contingent consideration 2,500 (26,900)
In-process research and development 86,905 6,629
Total costs and expenses 160,652 128,606
Loss from operations (141,932) (97,357)
Other income:    
Interest income 7,953 8,509
Non-cash royalty income 1,914  
Total other income 9,867 8,509
Loss before income taxes (132,065) (88,848)
Income tax benefit   (367)
Net loss $ (132,065) $ (88,481)
Net loss per share, basic $ (1.71) $ (1.27)
Net loss per share, diluted $ (1.71) $ (1.27)
Weighted average common shares outstanding, basic 77,296,665 69,808,855
Weighted average common shares outstanding, diluted 77,296,665 69,808,855
Other comprehensive income:    
Unrealized gain on marketable securities, net of tax of $0 $ 203 $ 791
Total other comprehensive income 203 791
Comprehensive loss (131,862) (87,690)
Contract research    
Revenues:    
Total revenue 2,541 3,035
Licensing    
Revenues:    
Total revenue $ 16,179 $ 28,214