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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 77,248 $ 130,101
Marketable securities, short-term 67,633 47,504
Prepaid expenses and other current assets 4,657 2,724
Total current assets 149,538 180,329
Marketable securities, long-term 27,311 15,837
Property and equipment, net 136 165
Deferred offering costs 183 0
Right-of-use asset 29 105
Other assets 208 151
Total assets 177,405 196,587
Current liabilities    
Accounts payable 2,026 1,640
Accrued clinical trial expenses 4,102 2,717
Accrued expenses and other current liabilities 2,374 3,350
Operating lease liability 29 105
Total current liabilities 8,531 7,812
Total liabilities 8,531 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 June 30, 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 June 30, 2023 and December 31, 2022 4 4
Additional paid-in capital 362,860 359,949
Accumulated deficit (193,344) (170,427)
Accumulated other comprehensive loss (646) (751)
Total stockholders’ equity 168,874 188,775
Total liabilities and stockholders’ equity $ 177,405 $ 196,587