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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 77,999 $ 130,101
Marketable securities, short-term 62,410 47,504
Prepaid expenses and other current assets 3,623 2,724
Total current assets 144,032 180,329
Marketable securities, long-term 43,419 15,837
Property and equipment, net 151 165
Right-of-use asset 67 105
Other assets 195 151
Total assets 187,864 196,587
Current liabilities    
Accounts payable 762 1,640
Accrued clinical trial expenses 5,203 2,717
Accrued expenses and other current liabilities 2,747 3,350
Operating lease liability 67 105
Total current liabilities 8,779 7,812
Total liabilities 8,779 7,812
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized and 41,025,062 shares issued and outstanding as of March 31, 2023 and December 31, 2022 4 4
Additional paid-in capital 361,339 359,949
Accumulated deficit (181,734) (170,427)
Accumulated other comprehensive loss (524) (751)
Total stockholders’ equity 179,085 188,775
Total liabilities and stockholders’ equity $ 187,864 $ 196,587